Huaneng Power International, Inc. Domestic Electricity Sold in the First Quarter of 2021 Increased by 30.20% Year-on-Year

Rhea-AI Summary

Huaneng Power International (HNP) reported substantial growth in electricity sales for Q1 2021, reaching 105.009 billion kWh, up by 30.20% year-on-year. The average on-grid settlement price decreased slightly by 0.56% to RMB419.98 per MWh. The market-based electricity sold rose significantly to 57.32%, reflecting a 24.05 percentage point increase. Key contributing factors included heightened electricity demand during the heating season and increased utilization of thermal power units. HNP's generation capacity reached 113,805 MW, with notable expansions in new wind and biomass projects.

Positive

• Electricity sales grew by 30.20% year-on-year to 105.009 billion kWh.
• Market-based electricity sold increased to 57.32%, up 24.05 percentage points.
• Controlled generation capacity reached 113,805 MW.
• New projects added 451.55 MW of renewable capacity.

Negative

• Average on-grid electricity settlement price decreased by 0.56%.

BEIJING, April 15, 2021 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its electricity sold for the first quarter of 2021.

According to the preliminary statistics of the Company, for the first quarter of 2021, the Company's total electricity sold by power plants within China on consolidated basis amounted to 105.009 billion kWh, representing an increase of 30.20% over the same period last year. For the first quarter of 2021, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB419.98 per MWh, representing a decrease of 0.56% over the same period last year. For the first quarter of 2021, the ratio of Company's market-based electricity sold reached 57.32%, representing an increase of 24.05 percentage points over the same period last year.

The increase in the Company's electricity was mainly attributable to the significant year-on-year rise in power generation side driven by an increased electricity demand in the first quarter of 2021. In addition, given that the first quarter is the heating season for northern China, the Company's thermal power units saw a relatively large increase in utilization hours which further contributed to this growth.

The electricity sold (in billion kWh) of the Company, by regions, is listed below:

Region	Electricity Sold
	January to March 2021	Change
Heilongjiang Province	2.908	4.81%
Coal-fired	2.586	3.94%
Wind-power	0.290	13.92%
PV	0.032	-0.64%
Jilin Province	2.267	2.26%
Coal-fired	1.792	-5.59%
Wind-power	0.332	32.75%
Hydro-power	0.000	-99.79%
PV	0.063	303.69%
Biomass power	0.080	79.96%
Liaoning Province	4.200	10.63%
Coal-fired	4.044	10.84%
Wind-power	0.119	16.11%
Hydro-power	0.000	-94.57%
PV	0.036	-4.89%
Inner Mongolia	0.068	41.44%
Wind-power	0.068	41.44%
Hebei Province	2.766	17.53%
Coal-fired	2.634	18.57%
Wind-power	0.122	3.35%
PV	0.010	-27.48%
Gansu Province	4.398	16.48%
Coal-fired	3.754	15.18%
Wind-power	0.644	24.66%
Ningxia	0.004	-12.07%
PV	0.004	-12.07%
Beijing	2.357	23.22%
Coal-fired	0.648	3.60%
Combined Cycle	1.710	32.74%
Tianjin	1.639	-10.23%
Coal-fired	1.160	-11.53%
Combined Cycle	0.477	-7.28%
PV	0.003	253.70%
Shanxi Province	2.871	10.55%
Coal-fired	1.441	3.51%
Combined Cycle	1.175	1.38%
Wind-power	0.073	——
PV	0.182	297.37%
Shandong Province	19.391	15.01%
Coal-fired	18.863	13.70%
Wind-power	0.370	97.59%
PV	0.123	47.40%
Biomass power	0.035	——
Henan Province	5.285	38.84%
Coal-fired	4.334	20.46%
Combined Cycle	0.020	-33.83%
Wind-power	0.925	436.54%
PV	0.006	1.65%
Jiangsu Province	10.218	32.16%
Coal-fired	7.889	26.64%
Combined Cycle	1.212	39.00%
Wind-power	1.058	74.40%
PV	0.059	150.89%
Shanghai	5.367	44.83%
Coal-fired	5.159	59.24%
Combined Cycle	0.201	-56.86%
PV	0.007	——
Chongqing	3.665	82.78%
Coal-fired	2.830	71.87%
Combined Cycle	0.772	147.92%
Wind-power	0.064	33.62%
Zhejiang Province	6.516	47.08%
Coal-fired	6.339	45.09%
Combined Cycle	0.167	230.68%
PV	0.010	-5.31%
Hubei Province	4.670	39.29%
Coal-fired	4.448	41.65%
Wind-power	0.179	16.64%
Hydro-power	0.039	-29.85%
PV	0.005	10.54%
Hunan Province	2.706	32.83%
Coal-fired	2.476	39.34%
Wind-power	0.175	14.14%
Hydro-power	0.046	-53.98%
PV	0.009	24.00%
Jiangxi Province	5.154	25.32%
Coal-fired	4.881	25.25%
Wind-power	0.191	-4.50%
PV	0.082	421.83%
Anhui Province	1.536	29.33%
Coal-fired	1.255	12.82%
Wind-power	0.250	232.11%
Hydro-power	0.031	——
Fujian Province	4.248	72.39%
Coal-fired	4.245	72.45%
PV	0.003	13.78%
Guangdong Province	7.174	122.32%
Coal-fired	6.262	94.36%
Combined Cycle	0.906	——
PV	0.006	17.77%
Guangxi	0.184	59.64%
Combined Cycle	0.105	58.57%
Wind-power	0.079	60.66%
Yunnan Province	3.048	98.60%
Coal-fired	2.903	117.43%
Wind-power	0.145	-26.45%
Hydro-power	0.000	-90.44%
Guizhou Province	0.071	-13.18%
Wind-power	0.054	-33.40%
PV	0.017	2385.10%
Hainan Province	2.299	-14.63%
Coal-fired	2.149	-17.51%
Combined Cycle	0.089	176.40%
Wind-power	0.021	-17.78%
Hydro-power	0.017	123.24%
PV	0.024	4.12%
Total	105.009	30.20%

For the first quarter of 2021, the power generation of Tuas Power Limited in Singapore, which is wholly-owned by the Company, accounted for a market share of 20.6% in Singapore, representing an increase of 0.6 percentage point compared to the same period of last year.

The Company's new projects which have commenced operation in the first quarter of 2021 are as follows:

		(in MW)
Type	controlled installed capacity	equity-based installed capacity
Wind-power	421.55	383.96
Biomass	30.00	24.00
Total	451.55	407.96

In addition, the installed capacity of some of the power plants in which the Company has equity interests changed in the first quarter of 2021.

Based on the above, as of 31 March 2021, the Company had a controlled generation capacity of 113,805 MW and an equity-based generation capacity of 99,570 MW.

About Huaneng Power International, Inc.

Huaneng Power International, Inc. is one of China's largest listed power producers with controlled generation capacity of 113,805 MW and equity-based generation capacity of 99,570 MW. The power plants of the Company are located in 26 provinces, autonomous regions and municipalities in China. The Company also has a wholly-owned power company in Singapore, and an invested power company in Pakistan.

For enquiries, please contact:
Huaneng Power International, Inc.
Ms. ZHU Tao / Ms. ZHAO Lin / Mr. CHEN Zhelu
Tel:  (8610) 6608 6765 / 6322 6596 / 6322 6554
Fax: (8610) 6322 6888        
Email: zqb@hpi.com.cn

Wonderful Sky Financial Group Limited
Ms. Peri Yang / Ms. Zoie Wang
Tel: (852) 3641 1332 / (852) 3970 2237
Fax: (852) 3102 0210
Email: hpi@wsfg.hk

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SOURCE Huaneng Power International, Inc.

FAQ

What were Huaneng Power's electricity sales figures for Q1 2021?

Huaneng Power's electricity sales for Q1 2021 were 105.009 billion kWh, a 30.20% increase year-on-year.

How did Huaneng Power's average on-grid settlement price change in Q1 2021?

The average on-grid electricity settlement price in Q1 2021 was RMB419.98 per MWh, down by 0.56% from the previous year.

What percentage of Huaneng Power's electricity sold was market-based in Q1 2021?

In Q1 2021, Huaneng Power's market-based electricity sold reached 57.32%, an increase of 24.05 percentage points from the same period last year.

What is Huaneng Power's controlled generation capacity as of March 2021?

As of March 31, 2021, Huaneng Power's controlled generation capacity was 113,805 MW.