Huaneng Power International, Inc. Domestic Electricity Sold in the First Half of 2021 Increased by 20.80% Year-on-year

Rhea-AI Summary

Huaneng Power International reported significant growth in electricity sales for the first half of 2021, selling 207.926 billion kWh, a 20.80% increase year-on-year. In Q2 alone, sales rose to 102.917 billion kWh, a 12.51% increase. The average on-grid electricity settlement price increased slightly by 0.52% to RMB418.81 per MWh. Market-based electricity sales constituted 61.09% of total sales, up 11.20 percentage points. Notably, 22 out of 26 operational regions experienced positive growth, with Guangdong and Chongqing seeing increases exceeding 20%. The company also expanded its capacity by 238 MW in Q2.

Positive

• Electricity sales increased by 20.80% year-on-year in H1 2021.
• Q2 2021 electricity sales were 102.917 billion kWh, a 12.51% rise.
• Average on-grid electricity settlement price rose by 0.52% to RMB418.81 per MWh.
• Market-based electricity sales increased to 61.09%, up 11.20 percentage points.
• Expansion of generation capacity by 238 MW in Q2 2021.

Negative

• Market share for Tuas Power in Singapore decreased by 1.2 percentage points to 20.4% in Q2.
• Accumulated market share for Tuas Power for H1 2021 dropped by 1.0 percentage point to 20.5%.

BEIJING, July 12, 2021 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its electricity sold in the first half of 2021.

According to the preliminary statistics, for the second quarter of 2021, the Company's total electricity sold by power plants within China on consolidated basis amounted to 102.917 billion kWh, representing an increase of 12.51% over the same period last year. In the first half of 2021, the Company's total electricity sold by power plants within China on consolidated basis amounted to 207.926 billion kWh, representing an increase of 20.80% over the same period last year. In the first half of 2021, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB418.81 per MWh, representing an increase of 0.52% over the same period last year. In the first half of 2021, the proportion of the Company's market based electricity sold amounted to 61.09%, representing an increase of 11.20 percentage points over the same period last year.

The increase in the Company's electricity sold was mainly attributable to:

In the first half of 2021, the demand for electricity in the whole society has grown rapidly, driving the power generation to increase significantly year-on-year. Of the 26 regions in which the Company operates, 22 regions have achieved positive year-on-year growth in power generation, among which 10 regions including Guangdong, Chongqing, Fujian, Zhejiang, Jiangsu, and Shanghai have increased by more than 20%.

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

 

Region	Electricity Sold
	April to June 2021	Change	January to June 2021	Change
Heilongjiang Province	3.280	-7.73%	6.188	-2.23%
Coal-fired	2.926	-8.99%	5.512	-3.34%
Wind-power	0.317	4.81%	0.608	8.98%
PV	0.037	-1.35%	0.069	-1.02%
Jilin Province	2.452	-9.20%	4.718	-4.03%
Coal-fired	1.944	-15.75%	3.736	-11.16%
Wind-power	0.335	17.18%	0.667	24.43%
Hydro-power	0.017	-48.45%	0.017	-59.45%
PV	0.076	370.08%	0.139	337.33%
Biomass power	0.080	38.54%	0.160	56.61%
Liaoning Province	4.775	25.64%	8.975	18.14%
Coal-fired	4.600	108.32%	8.644	18.69%
Wind-power	0.120	10.55%	0.239	13.26%
Hydro-power	0.012	-1.12%	0.012	-35.20%
PV	0.043	-5.68%	0.080	-5.32%
Inner Mongolia	0.174	196.50%	0.241	126.80%
Wind-power	0.174	196.50%	0.241	126.80%
Hebei Province	2.610	-9.51%	5.376	2.64%
Coal-fired	2.469	-10.30%	5.104	2.59%
Wind-power	0.128	10.48%	0.250	6.88%
PV	0.013	-17.79%	0.023	-22.35%
Gansu Province	3.208	-0.14%	7.606	8.84%
Coal-fired	2.585	2.72%	6.339	9.75%
Wind-power	0.623	-10.45%	1.267	4.51%
Ningxia	0.007	-10.56%	0.011	-11.11%
PV	0.007	-10.56%	0.011	-11.11%
Beijing	1.732	-12.82%	4.090	4.85%
Coal-fired	0.00	——	0.648	3.60%
Combined Cycle	1.732	-12.82%	3.442	5.09%
Tianjin	1.242	20.02%	2.881	0.71%
Coal-fired	1.074	22.51%	2.233	2.11%
Combined Cycle	0.163	3.80%	0.640	-4.68%
PV	0.005	423.99%	0.007	348.16%
Shanxi Province	1.652	-2.91%	4.523	5.22%
Coal-fired	1.337	-10.76%	2.779	-3.89%
Combined Cycle	–	-100.00%	1.175	-2.06%
Wind-power	0.066	——	0.139	——
PV	0.248	52.99%	0.430	106.74%
Shandong Province	18.501	15.58%	37.892	15.29%
Coal-fired	17.883	14.58%	36.746	14.13%
Wind-power	0.386	78.25%	0.756	87.21%
PV	0.148	-19.18%	0.272	1.70%
Biomass power	0.084	——	0.119	——
Henan Province	5.423	3.64%	10.708	18.47%
Coal-fired	4.393	-4.80%	8.727	6.27%
Combined Cycle	0.070	-80.44%	0.090	-76.73%
Wind-power	0.953	274.28%	1.878	339.80%
PV	0.007	6.13%	0.013	4.10%
Jiangsu Province	10.193	21.65%	20.411	26.69%
Coal-fired	7.450	8.20%	15.339	16.96%
Combined Cycle	1.740	103.04%	2.952	70.74%
Wind-power	0.929	54.00%	1.987	64.22%
PV	0.074	123.38%	0.133	134.78%
Shanghai	4.452	16.05%	9.819	30.19%
Coal-fired	4.031	11.33%	9.190	33.96%
Combined Cycle	0.413	91.43%	0.614	-9.91%
PV	0.008	——	0.015	——
Chongqing	2.840	34.50%	6.505	58.02%
Coal-fired	2.204	25.59%	5.034	47.99%
Combined Cycle	0.572	92.27%	1.344	120.74%
Wind-power	0.063	8.32%	0.127	19.68%
Zhejiang Province	8.323	21.69%	14.838	31.67%
Coal-fired	7.932	19.45%	14.271	29.62%
Combined Cycle	0.375	105.88%	0.541	132.95%
PV	0.016	-4.53%	0.026	-4.83%
Hubei Province	3.696	3.92%	8.367	21.08%
Coal-fired	3.447	3.63%	7.895	22.10%
Wind-power	0.152	2.45%	0.331	9.68%
Hydro-power	0.092	20.72%	0.131	-0.49%
PV	0.006	-14.74%	0.010	-4.79%
Hunan Province	2.301	-0.99%	5.006	14.81%
Coal-fired	2.012	-0.67%	4.488	18.03%
Wind-power	0.168	-2.74%	0.343	5.21%
Hydro-power	0.109	-2.76%	0.155	-26.86%
PV	0.012	-12.00%	0.021	0.55%
Jiangxi Province	5.033	11.98%	10.187	18.35%
Coal-fired	4.692	11.35%	9.574	18.02%
Wind-power	0.243	5.59%	0.433	0.90%
PV	0.098	93.73%	0.180	171.66%
Anhui Province	1.241	2.38%	2.777	15.72%
Coal-fired	1.029	-8.40%	2.284	2.16%
Wind-power	0.174	140.34%	0.424	187.19%
Hydro-power	0.038	131.85%	0.069	316.71%
Fujian Province	4.646	22.00%	8.894	41.80%
Coal-fired	4.643	22.02%	8.888	41.83%
PV	0.003	-7.18%	0.006	1.65%
Guangdong Province	9.197	43.91%	16.371	70.22%
Coal-fired	7.963	25.25%	14.225	48.49%
Combined Cycle	1.228	4431.97%	2.134	7774.37%
PV	0.006	0.89%	0.012	8.57%
Guangxi	0.198	21.94%	0.383	37.51%
Combined Cycle	0.108	-2.80%	0.212	20.15%
Wind-power	0.091	74.53%	0.170	67.78%
Yunnan Province	2.278	-16.44%	5.327	24.99%
Coal-fired	2.153	-17.05%	5.056	28.63%
Wind-power	0.124	-5.01%	0.269	-17.88%
Hydro-power	0.001	141.89%	0.002	-54.37%
Guizhou Province	0.107	42.42%	0.178	13.32%
Wind-power	0.048	-5.46%	0.102	-22.71%
PV	0.059	141.46%	0.076	202.93%
Hainan Province	3.357	-0.56%	5.656	-6.80%
Coal-fired	3.112	-4.08%	5.260	-10.06%
Combined Cycle	0.164	128.27%	0.253	143.09%
Wind-power	0.017	-16.15%	0.039	-17.06%
Hydro-power	0.032	228.54%	0.049	183.00%
PV	0.031	5.61%	0.055	4.96%
Total	102.917	12.51%	207.926	20.80%

For the second 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 20.4% in Singapore, representing a decrease of 1.2 percentage points compared to the same period of last year. The accumulated power generation of Tuas Power for the first half year accounted for a market share of 20.5%, representing a decrease of 1.0 percentage point compared to the same period of last year.

In the second quarter of 2021, the Company's newly added capacity are as follows:

		(in MW)
Type	Controlled generation capacity	Equity-based generation capacity
Wind-power	48	48
PV	190	190
Total	238	238

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

Based on the above, as of 30 June 2021, the Company had a controlled generation capacity of 114,042 MW and an equity-based generation capacity of 99,891 MW.

About Huaneng Power International, Inc.

Huaneng Power International, Inc. is one of China's largest listed power producers with controlled generation capacity of 114,042 MW and equity-based generation capacity of 99,891 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. Lalay Zheng
Tel: (852) 3641 1332 / (852) 3970 22386
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-half-of-2021-increased-by-20-80-year-on-year-301332043.html

SOURCE Huaneng Power International, Inc.

FAQ

What was Huaneng Power's electricity sales in the first half of 2021?

Huaneng Power sold 207.926 billion kWh in the first half of 2021, marking a 20.80% increase year-on-year.

How much did Huaneng Power's electricity sales grow in Q2 2021?

In Q2 2021, Huaneng Power's electricity sales reached 102.917 billion kWh, a 12.51% increase over Q2 2020.

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

The average on-grid electricity settlement price for Huaneng Power was RMB418.81 per MWh in the first half of 2021, up 0.52% from the previous year.

What percentage of Huaneng Power's electricity sales was market-based?

In the first half of 2021, 61.09% of Huaneng Power's electricity sales were market-based, an increase of 11.20 percentage points.

How much capacity did Huaneng Power add in Q2 2021?

Huaneng Power added a total of 238 MW in controlled generation capacity in Q2 2021.

What was the market share of Tuas Power in Singapore in Q2 2021?

Tuas Power's market share in Singapore was 20.4% in Q2 2021, a decrease of 1.2 percentage points from the previous year.