BEIJING, Feb. 8, 2012 /PRNewswire-Asia/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced today that Shantou Port Haimen Terminal Zone Huaneng Coal Transit Base Project (the "Project") (of which the Company owns 60% equity interest) was recently approved by the National Development and Reform Commission of the People's Republic of China.
The Project proposes to transform and newly construct a 70,000 Dead Weight Tonnage ("DWT") coal unloading berth each, newly construct a 50,000 DWT coal loading berth and a 3,000 DWT multi-purpose berth, with a planned annual throughput capacity of 22.7 million tons, including ship unloading capacity of 21.5 million tons and ship loading capacity of 1.2 million tons.
The total investment of the Project is estimated to be approximately RMB2.442 billion, 30% of which is capital contribution to be funded by the Company, China Power Investment Corporation and Shantou Port Group Corporation in proportion of 60%, 20% and 20%, respectively. The remaining investment is to be funded by bank loans.
About the CompanyThe Company is one of China's largest listed power producers with controlled generation capacity of 59,078.5MW and equity-based generation capacity of 54,167.4MW. The power plants of the Company are located in 19 provinces, municipalities and autonomous regions in China. The Company also has a wholly-owned power company in Singapore. For enquiries, please contact: Huaneng Power International, Inc. Ms. MENG Jing / Ms. ZHAO LinTel: +86-10-6608-6765 / +86-10-6322-6596Fax: +86-10-6641-2321Email: email@example.com Wonderful Sky Financial Group Limited Mr. Hon Fung / Ms. Yolanda Wang / Mr. Tony Chen / Ms. Sharon Lau Tel: +852-2851-1038Fax: +852-2865-1638Email: firstname.lastname@example.org / email@example.com / firstname.lastname@example.org / email@example.com SOURCE Huaneng Power International, Inc.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV