BEIJING, Jan. 11, 2017 /PRNewswire/ -- Huaneng Power
International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902;
SSE: 600011) today announced the completion of the transaction
contemplated by the previously announced (i) a transfer agreement
concerning the transfer of certain equity interests in certain
companies (the "Transfer Agreement") and (ii) a profit compensation
agreement entered into by and between the Company and China Huaneng
Group ("Huaneng Group") on October 14,
2016.
Pursuant to the Transfer Agreement, HPI acquired from Huaneng
Group: (i) 80% equity interests in the registered capital of
Huaneng Shandong Power Generation Co., Ltd.; (ii) 100% equity
interests in the registered capital of Huaneng Jilin Power
Generation Co., Ltd.; (iii) 100% equity interests in the registered
capital of Huaneng Heilongjiang Power Generation Co., Ltd. and (iv)
90% equity interests in the registered capital of Huaneng Henan
Zhongyuan Gas Turbine Power Co., Ltd.(the "Transaction"). The
consideration of the Transaction is RMB
15,113,825,800.
The transaction has recently been completed. According to the
Transfer Agreement, the Company has paid 50% of the consideration
of the Transaction to Huaneng Group on January 9, 2017.
After completion of the transaction, the Company increases
controlled generation capacity by 15,937MW, equity installed
capacity by 13,389 MW, total installed capacity of generating units
under construction by 3,666 MW.
Additional Information about the Transaction
The Company will file with the Securities and Exchange
Commission (the "SEC") a Current Report on Form 6-K regarding the
transaction. All parties desiring details regarding the transaction
are urged to review these documents, which are available at the
SEC's website (http://www.sec.gov).
About Huaneng Power International, Inc.
Huaneng Power International, Inc. is one of China's largest listed power producers with
controlled generation capacity of 99,815MW and equity-based
generation capacity of 90,007MW. The power plants of the Company
are located in 24 provinces, municipalities and autonomous regions
in China. The Company also has a
wholly-owned power company in Singapore.
For Enquires, Please Contact
Huaneng Power International, Inc.
Ms. MENG Jing / Ms. ZHAO Lin
Tel: (86 10) 6608 6765 / 6322 6596
Fax: (86 10) 6322 6888
E-mail: zqb@hpi.com.cn
Wonderful Sky Financial Group Limited
Wonderful Sky Financial Group Limited
Ms. Iris AUYEUNG / Ms. Tiffany RUAN / Ms. Echo MA
Tel: (852) 2851 1038
Fax: (852) 2865 1638
Email: po@wsfg.hk / tiffanyruan@wsfg.hk
/ echoma@wsfg.hk
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SOURCE Huaneng Power International, Inc.