HUANENG POWER INTERNATIONAL, INC. DOMESTIC ELECTRICITY SOLD INCREASES BY 13.23% FOR THE YEAR OF 2021

Rhea-AI Summary

Huaneng Power International reported a significant increase in electricity sales for 2021, totaling 430.165 billion kWh, up 13.23% from 2020. In Q4 2021, sales reached 107.050 billion kWh, a 2.95% rise. The average electricity settlement price increased by 4.41% to RMB 431.88 per MWh, with a market-based electricity sales ratio of 61.63%. Growth was driven by high electricity demand, improved thermal power generation, and a shift towards green energy. However, the market share for Tuas Power in Singapore declined by 4.1 percentage points in Q4.

Positive

• Total electricity sales increased by 13.23% in 2021.
• Average on-grid electricity settlement price rose by 4.41% to RMB 431.88 per MWh.
• 61.63% of electricity sales were market-based, up 3.3 percentage points.

Negative

• Tuas Power's market share in Singapore decreased by 4.1 percentage points in Q4 2021.
• Total installed capacity growth may not offset declining market shares in Singapore.

BEIJING, Jan. 14, 2022 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its electricity sales for the whole year of 2021.

According to the preliminary statistics of Huaneng Power International, Inc. (the "Company"), for the fourth quarter of 2021, the Company's total electricity sold by power plants within China on consolidated basis amounted to 107.050 billion kWh, representing an increase of 2.95% over the same period of 2020. For the whole year of 2021, total electricity sold by power plants within China on consolidated basis amounted to 430.165 billion kWh, representing an increase of 13.23% over the same period of 2020. For the whole year of 2021, the Company's average on-grid electricity settlement price for its power plants within China was RMB431.88 per MWh, representing an increase of 4.41% over the same period of 2020. For the whole year of 2021, the Company's market-based electricity sold ratio was 61.63%, representing an increase of 3.3 percentage points compared to the same period of 2020.

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

1. In 2021, the sustained heavy demand for electricity nation-wide prompted significant increase in power generation. The power plants of the Company in areas such as Chongqing, Guangdong, Zhejiang, Shanghai, Fujian, Hunan, Jiangsu, Gansu and Hubei saw a relatively large growth in power generation;

2. The output of hydropower plants was less than expected, while thermal power units with a greater percentage of installed capacity of the Company sustained a rapid growth in power generation. In addition, during the peak seasons in winter, the thermal power load of the Company maintained at a high level, which further promoted the growth of power generation; and

3. The Company continued to promote green and low-carbon transformation, which led to the fast growth in new energy generation year on year.

The electricity sold (in 100 million kWh) of the Company in China are listed below:

Coal-fired	938.73	0.93%	3,785.28	10.81%
Combined Cycle	64.93	3.68%	268.67	26.24%
Wind-power	55.01	41.99%	198.67	46.78%
PV	8.63	44.72%	34.08	46.90%
Heilongjiang Province	28.00	-20.75%	128.46	-2.96%
Coal-fired	23.01	-26.82%	113.89	-5.00%
Wind-power	4.68	30.87%	13.27	18.83%
PV	0.32	0.26%	1.30	-2.15%
Jilin Province	22.58	-9.03%	88.05	-15.21%
Coal-fired	17.76	-12.41%	70.13	-21.03%
Wind-power	3.20	-5.03%	11.45	5.66%
Hydro-power	0.16	-17.21%	0.70	-6.60%
PV	0.59	11.08%	2.46	72.08%
Biomass power	0.87	92.53%	3.31	63.89%
Liaoning Province	36.44	-25.24%	183.70	5.24%
Coal-fired	34.86	-85.10%	177.77	5.30%
Wind-power	1.16	21.54%	4.15	11.38%
Hydro-power	0.08	235.49%	0.29	-28.41%
PV	0.34	-9.80%	1.48	-6.80%
Inner Mongolia	1.98	221.45%	5.53	165.66%
Wind-power	1.98	221.45%	5.53	165.66%
Hebei Province	25.84	-20.42%	106.08	-6.64%
Coal-fired	23.22	-25.20%	99.76	-8.16%
Wind-power	1.89	43.28%	5.11	14.58%
PV	0.74	520.40%	1.22	120.78%
Gansu Province	38.58	13.23%	143.82	15.09%
Coal-fired	32.38	10.11%	119.12	16.79%
Wind-power	6.20	32.91%	24.70	7.53%
Ningxia	0.03	-0.36%	0.22	-4.02%
PV	0.03	-0.36%	0.22	-4.02%
Beijing	20.18	-14.18%	84.84	3.25%
Coal-fired	6.47	163.70%	12.94	48.71%
Combined Cycle	13.71	-34.90%	71.90	-2.14%
Tianjin	17.93	-9.15%	65.09	2.70%
Coal-fired	12.42	-13.04%	49.41	4.23%
Combined Cycle	5.49	1.21%	15.54	-1.78%
PV	0.02	-28.17%	0.13	-8.14%
Shanxi Province	25.38	-18.11%	94.91	-6.33%
Coal-fired	13.81	-31.77%	63.19	-15.31%
Combined Cycle	8.10	-11.57%	19.97	-5.70%
Wind-power	1.48	2392.69%	3.40	5630.21%
PV	1.99	29.78%	8.36	52.53%
Shandong Province	220.31	-1.03%	818.79	7.41%
Coal-fired	214.06	-2.24%	796.87	6.30%
Wind-power	4.19	58.15%	13.93	83.29%
PV	1.20	18.27%	5.20	3.29%
Biomass power	0.87	——	2.78	——
Henan Province	49.85	-4.30%	217.04	8.79%
Coal-fired	41.31	-13.54%	180.39	-1.36%
Combined Cycle	0.08	-75.53%	2.18	-63.30%
Wind-power	8.41	113.48%	34.23	227.37%
PV	0.06	31.92%	0.24	5.78%
Jiangsu Province	109.36	20.60%	427.17	19.96%
Coal-fired	83.13	13.44%	323.35	11.33%
Combined Cycle	15.03	64.50%	61.09	55.94%
Wind-power	10.59	36.43%	40.10	61.84%
PV	0.62	21.42%	2.64	56.05%
Shanghai	51.35	10.90%	201.90	22.45%
Coal-fired	48.74	12.69%	188.74	25.53%
Combined Cycle	2.54	-14.99%	12.86	-10.71%
PV	0.07	8.38%	0.30	142.29%
Chongqing	35.31	41.33%	130.64	49.96%
Coal-fired	27.39	27.02%	102.74	44.20%
Combined Cycle	7.38	148.04%	25.25	86.96%
Wind-power	0.54	21.17%	2.64	11.94%
Zhejiang Province	73.60	25.40%	316.49	31.21%
Coal-fired	71.60	26.64%	305.26	30.72%
Combined Cycle	1.59	-22.87%	10.39	45.34%
Wind-power	0.28	——	0.28	——
PV	0.13	38.69%	0.55	4.20%
Hubei Province	44.28	7.05%	165.74	14.73%
Coal-fired	42.27	7.04%	156.32	15.19%
Wind-power	1.77	36.58%	6.56	20.99%
Hydro-power	0.19	-64.10%	2.64	-15.17%
PV	0.05	20.33%	0.22	1.81%
Hunan Province	31.63	16.37%	117.17	22.14%
Coal-fired	29.46	15.63%	107.75	24.36%
Wind-power	1.39	12.10%	6.20	7.07%
Hydro-power	0.68	76.37%	2.75	-10.51%
PV	0.10	25.37%	0.47	9.50%
Jiangxi Province	60.22	-0.52%	223.13	7.97%
Coal-fired	56.89	-1.80%	210.25	7.01%
Wind-power	2.22	19.09%	8.57	6.38%
PV	1.11	49.19%	4.30	102.29%
Anhui Province	18.96	3.24%	61.35	13.14%
Coal-fired	16.82	3.35%	51.96	6.34%
Wind-power	2.04	9.85%	8.07	90.08%
Hydro-power	0.10	-57.35%	1.32	18.05%
Fujian Province	45.86	11.63%	201.16	22.79%
Coal-fired	45.83	11.64%	201.04	22.81%
PV	0.02	-9.20%	0.12	3.51%
Guangdong Province	67.48	7.91%	311.97	34.84%
Coal-fired	58.53	5.86%	271.28	25.35%
Combined Cycle	8.89	23.82%	40.44	174.92%
PV	0.06	-1.11%	0.25	6.26%
Guangxi	2.03	-8.28%	7.47	9.82%
Combined Cycle	1.09	-9.00%	4.35	2.06%
Wind-power	0.93	-7.44%	3.13	22.82%
Yunnan Province	20.16	-2.81%	82.39	13.60%
Coal-fired	18.96	-2.59%	77.56	16.32%
Wind-power	1.16	-1.06%	4.55	-17.19%
Hydro-power	0.04	-63.71%	0.28	-20.01%
Guizhou Province	1.43	145.73%	5.41	86.74%
Wind-power	0.46	11.71%	1.85	-15.18%
PV	0.98	460.04%	3.55	399.97%
Hainan Province	21.72	11.43%	113.12	2.26%
Coal-fired	19.82	14.98%	105.54	0.87%
Combined Cycle	1.02	-7.58%	4.70	47.11%
Wind-power	0.46	-16.16%	0.94	-14.89%
Hydro-power	0.21	-51.00%	0.88	29.71%
PV	0.20	18.26%	1.06	5.28%
Total	1,070.50	2.95%	4,301.65	13.23%

In the fourth 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 17.1% in Singapore, representing a decrease of 4.1 percentage points compared with the same period of 2020; the annual accumulated power generation accounted for a market share of 19.2%, representing a decrease of 2.2 percentage points compared to the same period of 2020.

In the fourth quarter of 2021, the Company's capacity of newly installed units is as follows: (unit: MW)

Unit type	Controlled installed capacity	Equity-based installed capacity
Thermal power	2,000	1,000
Wind-power	1,350.3	1,152.3
PV	331	287.8
Total	3,681.3	2,440.1

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

In conclusion, as of 31 December 2021, the Company had a controlled installed capacity of 118,695 MW, and an equity-based installed capacity of 103,875 MW.

About Huaneng Power International, Inc.

Huaneng Power International, Inc. is one of China's largest listed power producers with controlled generation capacity of 118,695 MW and equity-based generation capacity of 103,875 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 Limited
Ms. Ketrina Yang / Ms. Hester Li
Tel: (852) 3970 2171 / (852) 3970 2239
Fax: (852) 3102 0210
Email: hpi@wsfg.hk

 

 

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SOURCE Huaneng Power International, Inc.

FAQ

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

Huaneng Power International sold a total of 430.165 billion kWh of electricity in 2021, a 13.23% increase from 2020.

How much did the average electricity settlement price increase in 2021 for Huaneng Power?

The average on-grid electricity settlement price increased by 4.41% to RMB 431.88 per MWh.

What is Huaneng Power's market-based electricity sales ratio for 2021?

Huaneng Power's market-based electricity sales ratio was 61.63% for the year 2021.

What changes occurred in Tuas Power's market share in Singapore in Q4 2021?

Tuas Power's market share decreased by 4.1 percentage points in Q4 2021, down to 17.1%.

What drove the increase in Huaneng Power's electricity sales in 2021?

The increase was mainly due to sustained heavy electricity demand and rapid growth in thermal power generation.