BEIJING, Feb. 27, 2012 /PRNewswire-Asia/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx:902; SSE:600011) announced today that Huaneng Yunnan Chuxiong Natural Gas Co-generation New Construction Project (the "Project") (which is wholly owned by the Company) was recently approved by the Development and Reform Commission of the Yunnan Province.
The Project will build 2 x 300 MW class combined cycle gas turbine cogeneration units. The total investment amount of the Project is estimated to be approximately RMB2.656 billion, of which 20% will be project capital to be funded by the Company. The remaining investment is to be funded by bank loans.
About the Company
The 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 Lin Tel: +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
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $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
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV