Huaneng Power International Announces Approval Obtained for the Gas-Fired Cogeneration Project in Tongxiang, Zhejiang

Huaneng Power International

today announced that the Huaneng Tongxiang Gas-Fired Co-generation Project (of which the Company owns a 95% interest, the "Project") had been recently approved by Zhejiang Provincial Development and Reform Commission. The Project will build two sets of 200MW class combined cycle gas turbine cogeneration units with an estimated dynamic investment of RMB1.488 billion, of which 20% will be project capital to be contributed by the Company and New Town Development and Construction Co., Ltd. of the Linhang Economic Area of Tongxiang, Zhejiang. The remaining investment will be funded from bank loans.