Huaneng Power International, Inc. Domestic Electricity Sold in the First Three Quarters of 2021 Increased by 17.11% Year-on-Year

Rhea-AI Summary

Huaneng Power International reported a significant increase in power generation for Q3 2021, with electricity sold reaching 115.188 billion kWh, up 10.98% year-over-year. For the first three quarters, total sales reached 323.115 billion kWh, reflecting a 17.11% increase. The average on-grid electricity price rose 1.28% to RMB417.79 per MWh. Key growth drivers included robust electricity demand during peak summer and increased utilization of thermal power. However, the company noted a decline in its market share in Singapore, now at 18.7%.

Positive

• Electricity sold increased by 10.98% in Q3 2021.
• Total electricity sold for the first nine months rose 17.11% year-over-year.
• Average on-grid electricity price grew by 1.28% to RMB 417.79 per MWh.
• Increased thermal power unit utilization contributed to revenue growth.

Negative

• Market share in Singapore decreased by 2.9 percentage points to 18.7% in Q3 2021.
• Accumulated power generation market share in Singapore fell by 1.6 percentage points.

BEIJING, Oct. 18, 2021 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its power generation in the first three quarters of 2021.

According to the preliminary statistics of Huaneng Power International, Inc., (the "Company"), in the third quarter of 2021, the electricity sold by the Company's operating power plants in China, on consolidated basis, amounted to 115.188 billion kWh, representing an increase of 10.98% compared to the same period last year. For the first three quarters of 2021, the electricity sold by the Company's operating power plants in China, on consolidated basis, reached a total of 323.115 billion kWh, representing an increase of 17.11% over the same period last year. The average on-grid electricity settlement price for the Company's operating power plants in China was RMB417.79 per MWh, representing an increase of 1.28% over the same period last year. For the first three quarters of 2021, the Company's market based electricity sold ratio was 59.99%, representing an increase of 3.05 percentage points over the same period last year.

The increase in the Company's power generation was mainly attributable to the following factors:

1. In the first three quarters, the electricity consumption of the whole society maintained a high level of operation, driving the power generation to increase significantly year-on-year. Among them, the power generation of the power plants in the regions of Chongqing, Guangdong, Zhejiang, Shanghai, Fujian, Hunan, and Jiangsu increased significantly year-on-year;

2. During the peak summer period, the thermal power load maintained rapid growth, and the Company's thermal power unit utilization hours increased significantly, which further accelerated the Company's year-on-year growth in power generation.

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

Region	Electricity Sold
	July to September 2021	Change	January to September 2021	Change
Heilongjiang Province	3.858	14.30%	10.046	3.52%
Coal-fired	3.576	13.85%	9.088	2.76%
Wind-power	0.252	24.74%	0.860	13.17%
PV	0.030	-6.93%	0.098	-2.89%
Jilin Province	1.828	-38.76%	6.547	-17.15%
Coal-fired	1.501	-43.32%	5.237	-23.59%
Wind-power	0.158	-24.98%	0.825	10.48%
Hydro-power	0.037	158.62%	0.054	-3.02%
PV	0.047	-17.66%	0.186	108.57%
Biomass power	0.085	53.85%	0.244	55.64%
Liaoning Province	5.751	15.39%	14.726	17.05%
Coal-fired	5.647	89.20%	14.291	17.69%
Wind-power	0.060	-9.32%	0.299	7.87%
Hydro-power	0.009	-53.43%	0.022	-44.36%
PV	0.035	-7.14%	0.115	-5.88%
Inner Mongolia	0.114	183.10%	0.355	142.26%
Wind-power	0.114	183.10%	0.355	142.26%
Hebei Province	2.648	-7.98%	8.024	-1.12%
Coal-fired	2.550	-8.37%	7.654	-1.34%
Wind-power	0.072	-10.15%	0.322	2.53%
PV	0.025	82.40%	0.048	11.29%
Gansu Province	2.918	38.90%	10.524	15.79%
Coal-fired	2.335	57.49%	8.674	19.50%
Wind-power	0.583	-5.69%	1.850	1.06%
Ningxia	0.007	6.54%	0.018	-4.69%
PV	0.007	6.54%	0.018	-4.69%
Beijing	2.376	20.91%	6.466	10.23%
Coal-fired	–	–	0.648	3.60%
Combined Cycle	2.376	20.91%	5.818	11.03%
Tianjin	1.835	22.02%	4.716	8.05%
Coal-fired	1.466	30.25%	3.699	11.67%
Combined Cycle	0.366	-0.88%	1.006	-3.33%
PV	0.004	-60.94%	0.011	-2.57%
Shanxi Province	2.430	-11.13%	6.953	-1.14%
Coal-fired	2.159	-15.20%	4.938	-9.18%
Combined Cycle	0.012	532.35%	1.187	-1.23%
Wind-power	0.052	–	0.192	–
PV	0.207	10.81%	0.637	61.40%
Shandong Province	21.956	4.07%	59.848	10.90%
Coal-fired	21.536	3.19%	58.282	9.82%
Wind-power	0.219	138.66%	0.975	96.72%
PV	0.129	-4.84%	0.400	-0.50%
Biomass power	0.073	–	0.192	–
Henan Province	6.012	5.40%	16.719	13.41%
Coal-fired	5.181	-2.19%	13.908	2.95%
Combined Cycle	0.120	-31.39%	0.210	-62.58%
Wind-power	0.704	213.29%	2.582	296.17%
PV	0.006	-9.33%	0.019	-0.30%
Jiangsu Province	11.370	9.01%	31.781	19.74%
Coal-fired	8.683	0.94%	24.022	10.61%
Combined Cycle	1.654	29.73%	4.606	53.33%
Wind-power	0.964	96.07%	2.951	73.43%
PV	0.069	12.45%	0.202	70.89%
Shanghai	5.236	21.33%	15.055	26.97%
Coal-fired	4.810	24.94%	14.000	30.72%
Combined Cycle	0.418	-9.12%	1.031	-9.59%
PV	0.008	37.00%	0.023	279.26%
Chongqing	3.028	44.40%	9.533	53.42%
Coal-fired	2.501	59.62%	7.535	51.66%
Combined Cycle	0.443	-0.25%	1.787	69.71%
Wind-power	0.084	-2.40%	0.211	9.82%
Zhejiang Province	9.450	35.35%	24.289	33.08%
Coal-fired	9.096	35.96%	23.366	32.02%
Combined Cycle	0.339	22.53%	0.880	72.95%
PV	0.016	-0.53%	0.042	-3.28%
Hubei Province	3.780	11.17%	12.146	17.81%
Coal-fired	3.511	11.24%	11.405	18.54%
Wind-power	0.148	33.52%	0.479	16.10%
Hydro-power	0.114	-9.61%	0.245	-4.96%
PV	0.006	1.37%	0.017	-2.56%
Hunan Province	3.547	41.09%	8.553	24.42%
Coal-fired	3.340	44.39%	7.828	28.00%
Wind-power	0.139	6.96%	0.481	5.71%
Hydro-power	0.052	-8.73%	0.207	-23.03%
PV	0.016	13.40%	0.037	5.81%
Jiangxi Province	6.104	1.64%	16.290	11.48%
Coal-fired	5.763	0.34%	15.336	10.69%
Wind-power	0.202	6.27%	0.635	2.54%
PV	0.139	93.44%	0.319	130.92%
Anhui Province	1.463	23.27%	4.240	18.21%
Coal-fired	1.231	20.25%	3.515	7.84%
Wind-power	0.179	96.21%	0.603	152.42%
Hydro-power	0.053	-26.61%	0.122	37.93%
Fujian Province	6.637	10.57%	15.531	26.53%
Coal-fired	6.633	10.57%	15.521	26.54%
PV	0.004	15.03%	0.010	6.72%
Guangdong Province	8.078	11.18%	24.449	44.81%
Coal-fired	7.050	7.91%	21.275	32.04%
Combined Cycle	1.021	40.66%	3.155	319.07%
PV	0.007	8.86%	0.019	8.68%
Guangxi	0.162	-10.62%	0.545	18.52%
Combined Cycle	0.113	-12.44%	0.326	6.38%
Wind-power	0.049	-6.09%	0.219	42.71%
Yunnan Province	0.897	-2.21%	6.223	20.18%
Coal-fired	0.804	1.62%	5.860	24.11%
Wind-power	0.070	-33.11%	0.339	-21.57%
Hydro-power	0.022	7.51%	0.024	-1.14%
Guizhou Province	0.219	196.23%	0.397	71.85%
Wind-power	0.038	-17.49%	0.140	-21.37%
PV	0.182	536.67%	0.258	380.45%
Hainan Province	3.484	14.47%	9.140	0.30%
Coal-fired	3.312	14.55%	8.572	-1.92%
Combined Cycle	0.115	9.62%	0.368	76.14%
Wind-power	0.009	4.71%	0.048	-13.63%
Hydro-power	0.018	121.91%	0.067	163.77%
PV	0.030	-1.48%	0.085	2.56%
Total	115.188	10.98%	323.115	17.11%

For the third 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 18.7% in Singapore, representing a decrease of 2.9 percentage points compared to the same period last year. In the first three quarters of 2021, the accumulated power generation accounted for a market share of 19.9%, representing a decrease of 1.6 percentage points compared to the same period last year.

In the third quarter of 2021, the new generation units put into operation were as follows:

		(Unit: MW)
Type	Controlled installed capacity	Equity-based installed capacity
Wind-power	583.6	583.6
PV	278	278
Total	861.6	861.6

Meanwhile, the installed capacity of certain power plants invested by the Company changed in the third quarter of 2021.

Based on the above, as of 30 September 2021, the Company had a controlled installed capacity of 115,014MW and an equity-based installed capacity of 101,388MW.

~End~

About Huaneng Power International, Inc.

Huaneng Power International, Inc. is one of China's largest listed power producers with controlled generation capacity of 115,014 MW and equity-based generation capacity of 101,388 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.                   
Mr. CHEN Zhelu / Ms. LIU Tianyu                             
Tel:  ( 8610 ) 6322 6554 / 6322 6595
Fax: (8610) 6322 6888        
Email: zqb@hpi.com.cn

Wonderful Sky Financial Group Holdings Limited
Ms. Ketrina Yang / Ms. Layla Zheng
Tel: (852) 3970 2286
Fax: (852) 3102 0210
Email: hpi@wsfg.hk

View original content:https://www.prnewswire.com/news-releases/huaneng-power-international-inc-domestic-electricity-sold-in-the-first-three-quarters-of-2021-increased-by-17-11-year-on-year-301402355.html

SOURCE Huaneng Power International, Inc.

FAQ

What were Huaneng Power's electricity sales in Q3 2021?

Huaneng Power's electricity sales in Q3 2021 totaled 115.188 billion kWh.

How much did Huaneng Power's electricity sales increase in the first three quarters of 2021?

Electricity sales increased by 17.11% in the first three quarters of 2021.

What is the average on-grid electricity settlement price for Huaneng Power?

The average on-grid electricity settlement price was RMB 417.79 per MWh.

Did Huaneng Power experience any changes in market share in Singapore?

Yes, Huaneng Power's market share in Singapore decreased to 18.7% in Q3 2021.

What factors contributed to Huaneng Power's increase in power generation?

The increase was driven by high electricity demand and improved thermal power unit utilization.