Market Overview

Huaneng Power International, Inc. Power Generation Within China Decreases by 7.52% for the First Three Quarters of 2019

Share:

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

According to the preliminary statistics of Huaneng Power International, Inc., (the "Company"), in the third quarter of 2019, the Company's total power generation by power plants within China on consolidated basis amounted to 106.812 billion kWh, representing a decrease of 8.31% over the same period last year. Total electricity sold by the Company amounted to 102.957 billion kWh, representing a decrease of 5.99% over the same period last year. In the first three quarters of 2019, the Company's total power generation by the power plants within China on consolidated basis amounted to 302.187 billion kWh, representing a decrease of 7.52% over the same period last year. Total electricity sold by the Company amounted to 287.989 billion kWh, representing a decrease of 6.44% over the same period last year. For the first three quarters of 2019, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB417.69 per MWh, representing an increase of 0.14% over the same period last year. For the first three quarters of 2019, the Company's market based electricity sold amounted to 146.471 billion kwh, with a ratio of 51.23% comparing to the corresponding total electricity sold, representing an increase of 10.87 percentage points over the same period last year.

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

1. For the first three quarters of the year, the growth rate of the electricity consumption nationwide showed a significant decline compared to the same period last year;

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

3. The power generation experienced a large negative growth in areas like Guangdong, Henan, Shandong, Zhejiang and other regions, due to factors including decline in the demand for power, limitations on coal consumptions, and the significant increase in power supply from external source.

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



Power Generation



Electricity Sold



July to


January to


July to


January to



September


September


September


September


Region

2019

Change

2019

Change

2019

Change

2019

Change

Heilongjiang Province

3.612

29.42%

10.331

6.28%

3.362

29.50%

9.578

5.27%

Coal-fired

3.379

31.37%

9.395

4.87%

3.145

32.18%

8.675

3.91%

Wind-power

0.200

6.06%

0.831

16.11%

0.186

-0.15%

0.801

13.69%

PV

0.033

5.43%

0.105

123.38%

0.031

1.00%

0.103

121.02%

Jilin Province

2.988

14.84%

7.963

3.54%

2.816

14.34%

7.507

3.05%

Coal-fired

2.750

18.44%

6.964

3.56%

2.591

18.07%

6.547

3.01%

Wind-power

0.149

-22.04%

0.739

4.12%

0.143

-22.66%

0.718

4.00%

Hydro-power

0.015

-52.53%

0.042

-43.92%

0.014

-52.46%

0.041

-43.68%

PV

0.015

19.13%

0.048

83.66%

0.015

16.21%

0.047

87.43%

Biomass power

0.059

33.88%

0.170

9.29%

0.053

31.24%

0.153

8.78%

Liaoning Province

5.553

-5.99%

14.308

-6.04%

5.187

-6.13%

13.328

-6.00%

Coal-fired

5.442

-6.19%

13.888

-6.20%

5.077

-6.34%

12.913

-6.17%

Wind-power

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com