Market Overview

Huaneng Power International, Inc. Power Generation Within China for the First Quarter of 2019 Decreases by 0.45% Year on Year

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BEIJING, April 16, 2019 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE:HNP, HKEx: 902, SSE: 600011)) today announced its power generation for the first quarter of 2019. 

According to the preliminary statistics of Huaneng Power International, Inc. (the "Company"), in the first quarter of 2019, the Company's total power generation by power plants within China on consolidated basis amounted to 103.839 billion kWh, representing a decrease of 0.45% over the same period last year. Total electricity sold by the Company amounted to 98.255 billion kWh, representing a decrease of 0.06% over the same period last year. For the first quarter of 2019, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB 421.87 per MWh, representing a decrease of 0.40% over the same period last year.

The decrease in the Company's power generation was mainly attributable to:

1. The slowing down in the growth rate of electricity consumption nation-wide;

2. The Company has relatively a larger proportion of thermal power. In the first quarter, the country's hydropower, wind power and nuclear power increased rapidly, and it occupied the space for thermal power generation;

3. The impact of the coal restrictions policy in East China has affected the thermal power generation.

The power generations (in billion kWh) by regions of the Company are listed below:

Region

Power Generation

Electricity Sold

January to March 2019

Change

January to March 2019

Change

Heilongjiang Province

2.984

-9.57%

2.782

-9.82%

Coal-fired

2.628

-13.67%

2.435

-14.23%

Wind-power

0.322

27.32%

0.314

28.70%

PV

0.034

933.68%

0.034

972.61%

Jilin Province

2.162

-6.45%

2.030

-6.84%

Coal-fired

1.804

-10.45%

1.684

-11.03%

Wind-power

0.279

19.21%

0.272

19.42%

Hydro-power

0.007

135.23%

0.007

106.95%

PV

0.015

164.29%

0.015

163.84%

Biomass power

0.057

5.61%

0.052

5.31%

Liaoning Province

4.436

-3.41%

4.102

-2.91%

Coal-fired

4.291

-3.68%

3.959

-3.18%

Wind-power

0.093

2.08%

0.092

2.13%

Hydro-power

0.013

63.21%

0.013

74.63%

PV

0.039

0.18%

0.038

-0.83%

Inner Mongolia

0.048

-24.41%

0.047

-24.34%

Wind-power

0.048

-24.41%

0.047

-24.34%

Hebei Province

3.370

19.18%

3.162

18.80%

Coal-fired

3.309

21.22%

3.103

20.85%

Wind-power

0.050

-40.15%

0.048

-39.91%

PV

0.012

-22.27%

0.011

-21.10%

Gansu Province

3.865

0.43%

3.673

0.35%

Coal-fired

3.394

1.02%

3.213

0.82%

Wind-power

0.470

-3.66%

0.460

-2.83%

Ningxia

0.005

19.43%

0.005

18.55%

PV

0.005

19.43%

0.005

18.55%

Beijing

2.203

0.00%

2.047

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