August 22, 2008

Huaneng Power Announces Tariff Adjustments for Power Plants

Chinese power generation company Huaneng Power International has announced adjustments of tariffs for its power plants.

China's National Development and Reform Commission (NDRC) has decided to adjust the on-grid tariffs of the power plants in order to ease the operation difficulties of the enterprises operating coal-fired power plant and to ensure a normal order for their power production and operation.

According to the approved tariff adjustment plan, the average on-grid tariffs, including value added tax, of the company's coal-fired power plants would be increased by RMB22.51 per MWh, an increase of around 5.67%. The increase took effect on August 20, 2008.

Huaneng Power International has a total generation capacity of 36,993MW on an equity basis and a controlling installed generation capacity of 40,389MW.