HUANENG POWER INTERNATIONAL, INC. DOMESTIC ON-GRID ELECTRICITY IN THE FIRST QUARTER OF 2022 INCREASED BY 2. 42% YEAR-ON-YEAR

Rhea-AI Summary

Huaneng Power International, Inc. (HNP) reported a robust performance for Q1 2022, with total on-grid electricity reaching 107.717 billion kWh, a 2.42% increase year-on-year. The average settlement price for electricity rose 19.47% to RMB501.96 per MWh. The company's market-based electricity ratio soared to 88.92%, a significant 31.58 percentage points increase. Notable growth was observed in renewable energy, particularly in wind and photovoltaic sources. The controlled installed capacity reached 121,118 MW, with notable contributions from new energy installations.

Positive

• Total on-grid electricity increased by 2.42% to 107.717 billion kWh.
• Average electricity settlement price rose by 19.47% to RMB501.96 per MWh.
• Market-based electricity sold ratio increased by 31.58 percentage points to 88.92%.
• Significant growth in new energy generation, especially PV (+59.03%) and wind power (+17.89%).
• Controlled installed capacity reached 121,118 MW.

Negative

• Decline in combined cycle power generation (-2.77%) and coal-fired power generation growth slowed (+1.38%).
• Certain coal-fired power plants showed negative growth in electricity generated, notably in Jiangsu and Gansu provinces.

BEIJING, April 14, 2022 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its on-grid electricity for the first quarter of 2022.

According to the preliminary statistics of the Company, for the first quarter of 2022, the Company's total on-grid electricity by power plants within China on consolidated basis amounted to 107.717 billion kWh, representing an increase of 2.42% over the same period of 2021. For the first quarter of 2022, the Company's average on-grid electricity settlement price for its power plants within China was RMB501.96 per MWh, representing an increase of 19.47% over the same period last year. For the first quarter of 2022, the Company's market-based electricity sold ratio was 88.92%, representing an increase of 31.58 percentage points compared to the same period last year.

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

1. 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 and the heating season in the first quarter of 2022. The power plants of the Company in areas such as Guizhou, Jiangxi, Anhui, Jilin, Hebei, Shandong, Guangxi and Hainan saw a relatively large growth in power generation;
2. The Company continued to promote green and low-carbon transformation, the installed capacity of new energy significantly increased year-on-year, which led to the fast growth in new energy generation year on year.

The on-grid electricity (in billion kWh) of the Company in China are listed below:

Type of generation units/region	On-Grid Electricity
	January to March 2022	Year-on-Year Change
Coal-fired	93.365	1.38%
Combined Cycle	6.644	-2.77%
Wind-power	6.26	17.89%
PV	1.087	59.03%
Heilongjiang Province	2.901	-0.24%
Coal-fired	2.43	-6.03%
Wind-power	0.384	32.17%
PV	0.077	142.55%
Biomass power	0.01	——
Jilin Province	2.665	17.57%
Coal-fired	1.977	10.32%
Wind-power	0.544	63.92%
Hydro-power	——	-100.00%
PV	0.069	9.12%
Biomass power	0.076	-5.38%
Liaoning Province	4.097	-2.44%
Coal-fired	3.708	-8.29%
Wind-power	0.345	189.04%
Hydro-power	0.001	116.53%
PV	0.043	19.49%
Inner Mongolia	0.194	25.56%
Wind-power	0.194	25.56%
Hebei Province	3.108	11.72%
Coal-fired	2.846	8.03%
Wind-power	0.17	23.45%
PV	0.092	815.35%
Gansu Province	3.762	-14.45%
Coal-fired	3.244	-13.59%
Wind-power	0.518	-19.48%
Ningxia	0.004	7.34%
PV	0.004	7.34%
Beijing	2.4	1.80%
Coal-fired	0.588	-9.18%
Combined Cycle	1.811	5.95%
Tianjin	1.689	3.03%
Coal-fired	1.213	4.58%
Combined Cycle	0.473	-0.75%
PV	0.003	6.38%
Shanxi Province	2.794	-2.82%
Coal-fired	1.231	-14.60%
Combined Cycle	1.198	1.95%
Wind-power	0.156	41.69%
PV	0.209	40.60%
Shandong Province	21.054	8.56%
Coal-fired	20.302	7.63%
Wind-power	0.496	34.15%
PV	0.169	36.55%
Biomass power	0.087	129.88%
Henan Province	5.551	4.52%
Coal-fired	4.675	7.87%
Combined Cycle	0.027	34.70%
Wind-power	0.844	-11.25%
PV	0.005	-17.34%
Jiangsu Province	9.479	-7.38%
Coal-fired	6.831	-13.42%
Combined Cycle	1.423	17.42%
Wind-power	1.164	8.36%
PV	0.061	3.14%
Shanghai	5.602	4.38%
Coal-fired	5.357	3.82%
Combined Cycle	0.239	18.78%
PV	0.007	-1.41%
Chongqing	3.679	0.36%
Coal-fired	3.086	9.07%
Combined Cycle	0.515	-33.37%
Wind-power	0.078	22.40%
Zhejiang Province	6.72	3.14%
Coal-fired	6.463	1.95%
Combined Cycle	0.036	-78.22%
Wind-power	0.181	——
PV	0.04	292.91%
Hubei Province	4.612	-1.24%
Coal-fired	4.346	-2.29%
Wind-power	0.156	-13.00%
Hydro-power	0.057	48.49%
PV	0.053	1008.82%
Hunan Province	2.622	-3.09%
Coal-fired	2.331	-5.85%
Wind-power	0.178	1.56%
Hydro-power	0.101	120.77%
PV	0.012	33.11%
Jiangxi Province	7.211	39.91%
Coal-fired	6.917	41.71%
Wind-power	0.209	9.40%
PV	0.085	3.53%
Anhui Province	1.888	22.50%
Coal-fired	1.574	25.43%
Wind-power	0.282	10.10%
Hydro-power	0.019	-39.33%
PV	0.014	——
Fujian Province	3.814	-10.22%
Coal-fired	3.811	-10.24%
PV	0.003	18.38%
Guangdong Province	6.32	-11.90%
Coal-fired	5.531	-11.67%
Combined Cycle	0.783	-13.55%
PV	0.006	-1.65%
Guangxi	0.196	6.47%
Combined Cycle	0.102	-3.08%
Wind-power	0.094	19.11%
Yunnan Province	2.769	-9.15%
Coal-fired	2.591	-10.76%
Wind-power	0.177	22.56%
Hydro-power	0.001	354.69%
Guizhou Province	0.179	145.18%
Wind-power	0.064	17.68%
PV	0.115	515.04%
Hainan Province	2.408	4.74%
Coal-fired	2.314	7.69%
Combined Cycle	0.037	-58.75%
Wind-power	0.028	29.91%
Hydro-power	0.009	-48.04%
PV	0.021	-11.05%
Total	107.717	2.42%

Note 1: In accordance with the relevant provisions of the Ministry of Finance's "the Interpretation No. 15 of the Accounting Standards for Business Enterprises " notice, the on-grid electricity generated by the commissioning units is included in the electricity statistics, and the on-grid electricity generated by the commissioning units in the same period of the previous year is restated and adjusted.

For the first quarter of 2022, the power generation of Tuas Power Limited in Singapore, which is wholly-owned by the Company, accounted for a market share of 22.7% in Singapore, representing an increase of 2.1 percentage point compared to the same period of last year.

In the first quarter of 2022, the Company's of newly installed units is as follows: (unit: MW)

Unit type	Controlled installed capacity	Equity-based installed capacity
Thermal power	40.0	24.0
Wind-power	1,491.7	1,408.9
PV	860.3	845.8
Hydro-power	1.4	1.4
Acquisitions	30.0	30.0
Total	2,423.4	2,310.1

Note 2: According to Note 1, the statistical caliber of installed capacity is adjusted accordingly.

Besides, the installed capacity of certain power plants invested by the Company changed in the first quarter of 2022.

In conclusion, as of 31 March 2022, the Company had a controlled installed capacity of 121,118 MW, and an equity-based installed capacity of 108,588 MW.

About Huaneng Power International, Inc.

Huaneng Power International, Inc. is one of China's largest listed power producers with controlled generation capacity of 121,118 MW and equity-based generation capacity of 108,588 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 was Huaneng Power's total on-grid electricity in Q1 2022?

In Q1 2022, Huaneng Power's total on-grid electricity was 107.717 billion kWh.

How did Huaneng Power's average electricity settlement price change in Q1 2022?

The average electricity settlement price increased by 19.47% to RMB501.96 per MWh in Q1 2022.

What percentage of Huaneng Power's electricity sold was market-based in Q1 2022?

The market-based electricity sold ratio was 88.92% in Q1 2022.

What is Huaneng Power's controlled installed capacity as of March 31, 2022?

As of March 31, 2022, Huaneng Power's controlled installed capacity was 121,118 MW.