Market Overview

Huaneng Power International, Inc.: Domestic Power Generation Decreases by 6.15% Year-on-Year in the First Half of 2019

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

According to the preliminary statistics of Huaneng Power International, Inc., (the "Company"), for the second quarter of 2019, the Company's total power generation by power plants within China on consolidated basis amounted to 91.536 billion kWh, representing a decrease of 11.86% over the same period last year. Total electricity sold by the Company amounted to 86.778 billion kWh, representing a decrease of 11.52% over the same period last year. In the first half of 2019, the Company's total power generation by the power plants within China on consolidated basis amounted to 195.375 billion kWh, representing a decrease of 6.15% over the same period last year. Total electricity sold by the Company amounted to 185.032 billion kWh, representing a decrease of 5.78 % over the same period last year. In the first half of 2019, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB419.51 per MWh, representing an increase of 0.22% over the same period last year. In the first half of 2019, the Company's market based electricity sold amounted to 87.553 billion kwh, with a ratio of 47.05% comparing to the corresponding total electricity sold, representing an increase of 10.15 percentage points over the same period last year.

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

1. In the first half of the year, the growth rate of the electricity consumption nation-wide showed a significant decline compared to the same period last year;

2. Hydropower and nuclear power generation had increased substantially, crowding out the space for growth in thermal power generation;

3. Areas like East China, Guangdong, Shandong and other regions where the Company has a relatively large proportion of installed capacity have significantly increased the power supply from external sources, thereby crowding out the space for growth of the thermal power generation by local coal-fired power generation units.

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


Power Generation

Electricity Sold

Region

April to June
2019

Change

January to
June 2019

Change

April to June
2019

Change

January to
June 2019

Change

Heilongjiang Province

3.735

2.89%

6.719

-3.05%

3.434

0.48%

6.216

-4.41%

Coal-fired

3.388

1.34%

6.016

-5.81%

3.095

-1.12%

5.530

-7.36%

Wind-power

0.309

12.27%

0.631

19.48%

0.301

9.75%

0.615

18.67%

PV

0.038

200.73%

0.072

351.90%

0.037

17.34%

0.071

353.07%

Jilin Province

2.813

1.26%

4.975

-2.24%

2.660

0.67%

4.690

-2.72%

Coal-fired

2.410

0.90%

4.214

-4.29%

2.271

0.17%

3.956

-4.93%

Wind-power

0.311

9.25%

0.590

13.74%

0.304

9.12%

0.575

13.75%

Hydro-power

0.020

-49.41%

0.027

-37.71%

0.019

-49.85%

0.026

-37.34%

PV

0.017

164.62%

0.032

164.46%

0.017

166.61%

0.032

165.28%

Biomass power

0.055

-5.93%

0.112

-0.37%

0.049

-5.28%

0.101

-0.13%

Liaoning Province

4.319

-8.65%

8.755

-6.07%

4.040

-8.80%

8.141

-5.93%

Coal-fired

4.155

-8.68%

8.446

-6.21%

3.877

-8.83%

7.836

-6.06%

Wind-power

0.115

-3.16%

0.208

-0.89%

0.115

-2.89%

0.207

-0.71%

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