HUANENG POWER INTERNATIONAL, INC. DOMESTIC POWER GENERATION DECREASED BY 0.24% FOR THE YEAR OF 2020

Rhea-AI Summary

Huaneng Power International reported its power generation for 2020, indicating a 0.24% decrease in total generation to 404.016 billion kWh. Despite a 7.38% increase in Q4, annual electricity sold decreased by 2.14% to 379.894 billion kWh. The average on-grid electricity settlement price fell by 0.81% to RMB413.63 per MWh. The decline in annual generation was primarily due to a decrease in demand amid the pandemic and increased competition from renewable energy sources. Controlled installed capacity reached 113,357 MW at year-end.

Positive

• Q4 power generation increased by 7.38% year-on-year.
• Increased market-based electricity sold by 1.93 percentage points to 58.33%.

Negative

• Annual total power generation down by 0.24%.
• Total electricity sold decreased by 2.14%.
• Average on-grid electricity settlement price decreased by 0.81%.
• Pandemic decreased electricity demand significantly in H1.

BEIJING, Jan. 15, 2021 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its power generation for the whole year of 2020.

According to the preliminary statistics of the Company, for the fourth quarter of 2020, the Company's total power generation by power plants within China on consolidated basis amounted to 110.410 billion kWh, representing an increase of 7.38% over the same period of 2019. Total electricity sold by the Company amounted to 103.979 billion kWh, representing an increase of 3.78% over the same period of 2019. For the whole year of 2020, the Company's total power generation by the power plants within China on consolidated basis amounted to 404.016 billion kWh, representing a decrease of 0.24% over the same period of 2019, and the total electricity sold by the Company amounted to 379.894 billion kWh, representing a decrease of 2.14% over the same period of 2019. For the whole year of 2020, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB413.63 per MWh, representing a decrease of 0.81% over the same period of 2019. For the whole year of 2020, the Company's market based electricity sold amounted to 221.405 billion kWh, with a ratio of 58.33% comparing to the corresponding total electricity sold, representing an increase of 1.93 percentage points compared to the same period of 2019.

The decrease in the Company's annual power generation was mainly attributable to:

1. In the first half of 2020, as affected by the pandemic, the electricity demand in the society as a whole decreased drastically, resulting in a significant decrease in power generation of the Company in the first half of the year. Although the Company achieved a year-on-year growth in both the third and fourth quarters, its annual power generation still decreased by 0.24% year-on-year.
2. This year, substantial amount of new power generation units, such as wind power and PV power, have been put into operation in China. Also, there is more water in the summer, and clean energy on-grid has been further increased, thereby squeezing the space for growth in thermal power generation.
3. The number of newly operated thermal power generation units in the region where the Company is located increased, resulting in a decrease in the average utilization hours of the local area. With fewer new thermal power units by the Company and the total installed capacity in the regions increases, the Company's capacity proportionate share decreases, resulting in a year-on-year decrease in thermal power generation..

The power generations (in billion kWh) of the Company, by regions, are listed below:

Region	Power Generation				Electricity sold
	October to December 2020	Change	January to December 2020	Change	October to December 2020	Change	January to December 2020	Change
Heilongjiang Province	3.702	1.68%	14.126	1.10%	3.534	0.85%	13.238	1.19%
Coal-fired	3.314	1.63%	12.853	1.57%	3.145	1.01%	11.988	1.70%
Wind-power	0.357	0.77%	1.138	-4.09%	0.357	-1.70%	1.117	-4.07%
PV	0.031	21.10%	0.135	2.95%	0.031	17.01%	0.133	2.53%
Jilin Province	2.7	11.25%	11.102	6.85%	2.482	8.58%	10.385	6.04%
Coal-fired	2.214	6.71%	9.513	5.24%	2.028	4.08%	8.881	4.55%
Wind-power	0.359	28.11%	1.141	11.93%	0.337	24.14%	1.084	9.50%
Hydro-power	0.019	——	0.076	80.49%	0.019	——	0.075	82.22%
PV	0.054	319.21%	0.145	137.25%	0.053	317.04%	0.143	137.18%
Biomass power	0.053	-9.59%	0.228	-0.45%	0.045	-15.46%	0.202	-2.28%
Liaoning Province	5.251	8.17%	18.771	-2.05%	4.875	7.98%	17.455	-2.17%
Coal-fired	5.115	8.57%	18.191	-2.19%	4.739	43.60%	16.882	-2.33%
Wind-power	0.096	-11.56%	0.376	-0.12%	0.096	-12.19%	0.373	-0.22%
Hydro-power	0.002	139.28%	0.042	44.53%	0.002	71.41%	0.041	46.96%
PV	0.038	15.57%	0.163	1.63%	0.037	14.95%	0.159	1.90%
Inner Mongolia	0.064	-6.55%	0.212	-3.74%	0.061	-8.91%	0.208	-4.39%
Wind-power	0.064	-6.55%	0.212	-3.74%	0.061	-8.91%	0.208	-4.39%
Hebei Province	3.468	14.64%	12.175	-5.70%	3.247	15.64%	11.363	-5.79%
Coal-fired	3.322	13.50%	11.661	-7.73%	3.104	13.71%	10.862	-8.05%
Wind-power	0.134	53.70%	0.457	107.90%	0.132	95.61%	0.446	127.39%
PV	0.012	0.64%	0.056	4.16%	0.012	5.38%	0.055	5.22%
Gansu Province	3.588	2.60%	13.151	15.04%	3.407	2.92%	12.496	15.27%
Coal-fired	3.105	4.31%	10.793	14.93%	2.941	4.52%	10.199	15.13%
Wind-power	0.483	-7.17%	2.358	15.54%	0.467	-6.12%	2.297	15.92%
Ningxia	0.004	-10.10%	0.023	1.63%	0.004	-4.38%	0.023	1.20%
PV	0.004	-10.10%	0.023	1.63%	0.004	-4.38%	0.023	1.20%
Beijing	2.459	6.76%	8.579	1.36%	2.352	8.99%	8.218	2.20%
Coal-fired	0.279	-65.17%	0.987	-32.19%	0.245	-65.45%	0.87	-32.57%
Combined Cycle	2.18	45.05%	7.591	8.33%	2.107	45.48%	7.347	8.85%
Tianjin	2.104	-2.03%	6.743	-2.85%	1.973	-2.37%	6.338	-2.84%
Coal-fired	1.534	-7.30%	5.101	-5.56%	1.428	-7.40%	4.741	-5.71%
Combined Cycle	0.557	13.45%	1.628	5.91%	0.542	13.33%	1.583	6.03%
PV	0.012	1130.42%	0.015	390.71%	0.003	409.30%	0.015	365.47%
Shanxi Province	3.343	-5.28%	10.911	-3.99%	3.099	-6.23%	10.133	-4.36%
Coal-fired	2.213	-12.31%	8.139	-10.51%	2.024	-12.95%	7.461	-11.04%
Combined Cycle	0.941	2.09%	2.176	2.74%	0.916	2.05%	2.118	2.72%
Wind-power	0.033	——	0.033	——	0.006	——	0.006	——
PV	0.155	86.50%	0.563	270.47%	0.154	85.78%	0.548	275.47%
Shandong Province	23.774	6.82%	81.839	-4.77%	22.262	0.32%	76.227	-8.45%
Coal-fired	23.458	6.82%	80.494	-5.02%	21.895	-0.05%	74.963	-8.70%
Wind-power	0.208	-2.75%	0.829	6.34%	0.265	30.43%	0.76	1.60%
PV	0.103	27.06%	0.512	24.25%	0.102	26.31%	0.504	23.48%
Bactericidal-power	0.004	--	0.004	--	--	--	--	--
Henan Province	5.562	12.02%	21.244	-3.48%	5.209	11.12%	19.951	-3.78%
Coal-fired	5.095	6.14%	19.487	-7.64%	4.778	5.27%	18.287	-7.95%
Combined Cycle	0.034	54.03%	0.61	43.85%	0.033	56.91%	0.595	44.10%
Wind-power	0.429	210.74%	1.124	142.78%	0.394	219.48%	1.046	142.33%
PV	0.004	-11.70%	0.023	-7.04%	0.004	-9.80%	0.023	-5.63%
Jiangsu Province	9.734	4.53%	37.742	-4.41%	9.068	2.71%	35.609	-4.76%
Coal-fired	7.755	-2.56%	30.772	-7.28%	7.328	-2.43%	29.045	-7.08%
Combined Cycle	1.123	37.50%	4.187	-7.25%	0.914	13.97%	3.917	-11.49%
Wind-power	0.803	56.93%	2.604	56.49%	0.776	59.25%	2.478	55.87%
PV	0.052	115.98%	0.179	53.03%	0.051	68.66%	0.169	47.24%
Shanghai	4.894	14.04%	17.468	-0.78%	4.63	14.42%	16.488	-0.89%
Coal-fired	4.58	11.80%	15.976	2.52%	4.325	12.11%	15.036	2.53%
Combined Cycle	0.307	58.14%	1.477	-26.95%	0.299	58.27%	1.44	-26.99%
PV	0.006	——	0.015	——	0.006	——	0.012	——
Chongqing	2.676	15.66%	9.355	-5.53%	2.498	15.98%	8.712	-5.60%
Coal-fired	2.326	9.62%	7.727	-6.82%	2.156	9.61%	7.125	-6.97%
Combined Cycle	0.305	134.25%	1.385	0.61%	0.297	134.89%	1.351	0.63%
Wind-power	0.046	-26.47%	0.243	4.15%	0.044	-26.12%	0.236	3.85%
Zhejiang Province	6.121	-10.84%	25.169	-2.24%	5.869	-11.03%	24.121	-2.37%
Coal-fired	5.901	-11.40%	24.385	-2.76%	5.654	-11.59%	23.353	-2.91%
Combined Cycle	0.21	8.50%	0.731	20.02%	0.206	8.20%	0.715	19.91%
PV	0.01	-13.51%	0.053	-10.90%	0.009	-16.35%	0.053	-10.77%
Hubei Province	4.383	-3.44%	15.38	-23.22%	4.136	-3.19%	14.446	-23.32%
Coal-fired	4.191	-3.52%	14.484	-24.77%	3.949	-3.25%	13.571	-24.93%
Wind-power	0.132	-21.08%	0.552	-4.40%	0.13	-21.15%	0.542	-4.33%
Hydro-power	0.055	131.14%	0.322	79.07%	0.054	136.99%	0.312	78.92%
PV	0.004	3.16%	0.022	-1.74%	0.004	-6.65%	0.021	-2.00%
Hunan Province	2.902	-6.08%	10.28	-9.47%	2.718	-6.26%	9.593	-9.81%
Coal-fired	2.729	-7.31%	9.328	-10.87%	2.548	-7.56%	8.664	-11.22%
Wind-power	0.126	10.12%	0.595	12.65%	0.124	10.19%	0.579	10.92%
Hydro-power	0.04	46.35%	0.313	-6.61%	0.039	48.37%	0.307	-6.68%
PV	0.008	38.39%	0.044	63.27%	0.008	50.40%	0.043	66.17%
Jiangxi Province	6.316	15.37%	21.585	4.00%	6.054	15.49%	20.666	4.08%
Coal-fired	6.047	13.72%	20.537	1.81%	5.793	13.78%	19.648	1.88%
Wind-power	0.19	20.36%	0.821	40.38%	0.187	23.75%	0.806	41.17%
PV	0.08	——	0.228	——	0.074	——	0.213	——
Auhui Province	1.911	39.51%	5.692	-3.88%	1.836	40.30%	5.423	-3.86%
Coal-fired	1.698	32.25%	5.13	-7.34%	1.627	32.96%	4.886	-7.05%
Wind-power	0.19	134.37%	0.451	49.67%	0.186	130.65%	0.425	42.32%
Hydro-power	0.023	482.24%	0.112	31.23%	0.023	433.24%	0.111	31.71%
Fujian Province	4.32	38.25%	17.246	56.10%	4.108	-14.69%	16.382	15.26%
Coal-fired	4.318	38.31%	17.235	56.17%	4.106	-14.69%	16.371	15.28%
PV	0.002	-23.17%	0.012	-3.20%	0.002	-19.40%	0.012	-1.12%
Guangdong Province	6.514	18.57%	24.438	9.20%	6.253	18.92%	23.136	8.13%
Coal-fired	5.774	5.20%	22.625	1.19%	5.529	5.27%	21.642	1.25%
Combined Cycle	0.735	——	1.79	——	0.718	——	1.471	——
PV	0.006	-4.07%	0.023	5.68%	0.006	-4.29%	0.023	5.33%
Guangxi	0.235	101.24%	0.715	84.36%	0.221	98.21%	0.68	84.96%
Combined Cycle	0.124	53.52%	0.443	62.34%	0.12	53.74%	0.426	63.46%
Wind-power	0.111	217.43%	0.272	136.64%	0.101	201.77%	0.255	137.14%
Yunnan Province	2.238	52.76%	7.853	80.19%	2.075	54.31%	7.253	81.07%
Coal-fired	2.106	60.50%	7.251	95.60%	1.947	62.91%	6.668	97.69%
Wind-power	0.121	-14.17%	0.566	-5.89%	0.117	-14.26%	0.55	-5.84%
Hydro-power	0.011	-13.83%	0.036	-27.62%	0.01	-16.61%	0.035	-28.40%
Guizhou Province	0.06	22.17%	0.301	38.72%	0.058	22.88%	0.29	36.50%
Wind-power	0.041	-13.86%	0.221	2.46%	0.041	-13.85%	0.219	2.99%
PV	0.019	——	0.08	——	0.017	——	0.071	——
Hainan Province	2.088	-19.54%	11.915	-8.23%	1.949	-19.17%	11.062	-8.10%
Coal-fired	1.858	-24.09%	11.303	-9.55%	1.724	-23.96%	10.464	-9.48%
Combined Cycle	0.114	52.21%	0.329	89.12%	0.111	52.43%	0.32	89.07%
Wind-power	0.056	51.35%	0.113	15.03%	0.055	48.32%	0.11	15.12%
Hydro-power	0.043	287.64%	0.069	-37.43%	0.042	285.65%	0.068	-37.48%
PV	0.018	-26.89%	0.101	-3.47%	0.017	-27.23%	0.1	-3.53%
Total	110.410	7.38%	404.016	-0.24%	103.979	3.78%	379.894	-2.14%

In the fourth quarter of 2020, the power generation of Tuas Power Limited in Singapore, which is wholly owned by the Company, accounted for a market share of 21.2% in Singapore, representing a decrease of 0.2 percentage points compared to the same period of 2019; the annual accumulated power generation accounted for a market share of 21.4%, representing an increase of 0.7 percentage point compared to the same period last year.

In the fourth quarter of 2020, the Company's capacity of newly installed units is as follows: (unit: MW)

Unit type	Controlled installed capacity	Equity-based installed capacity
Thermal power	980	548.8
Wind power	1,305	1,148.756
PV	211.03	122.83
Biomass power	65	65
Total	2,561.03	1,885.386

In the fourth quarter of 2020, the Company completed the acquisition of the wind power assets of Shandong Huaneng Laizhou Wind Power Co., Ltd. (53.25 MW), thereby increasing the Company's controlled installed capacity by 53.25 MW and the equity-based installed capacity by 42.6 MW.

In the fourth quarter of 2020, the operation of Unit No. 2 (352 MW) of Huaneng Nantong Power Plant, Unit No. 4 (138MW) and Unit No. 5 (138MW) of Haikou Power Plant and Unit No. 1 (600MW) of Tuas Power Plant, being subsidiaries of the Company, has expired. The shutdown procedures were completed, and the above mentioned units are no longer included in the statistics of Company's installed capacity.

At the same time, the installed capacity of certain power plants invested by the Company changed in the fourth quarter of 2020.

In conclusion, as of 31 December 2020, the Company had a controlled installed capacity of 113,357 MW, and an equity-based installed capacity of 98,948 MW.

About Huaneng Power International, Inc.
Huaneng Power International, Inc. is one of China's largest listed power producers with controlled generation capacity of 113,357 MW and equity-based generation capacity of 98,948 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 6750 / 6322 6596 / 6322 6554
Fax: (8610) 6322 6888        
Email: zqb@hpi.com.cn

Wonderful Sky Financial Group Limited
Ms. Ketrina Yang / Ms. Karly Lai
Tel: (852) 3970 2171 / (852) 3970 2286
Fax: (852) 3102 0210
Email: hpi@wsfg.hk

View original content:http://www.prnewswire.com/news-releases/huaneng-power-international-inc-domestic-power-generation-decreased-by-0-24-for-the-year-of-2020--301209382.html

SOURCE Huaneng Power International, Inc.

FAQ

What was HNP's total power generation for 2020?

Huaneng Power International's total power generation for 2020 was 404.016 billion kWh.

How much did HNP's electricity sales decrease in 2020?

HNP's total electricity sales decreased by 2.14% in 2020.

What was the average on-grid electricity settlement price for HNP in 2020?

The average on-grid electricity settlement price for HNP in 2020 was RMB413.63 per MWh.

What factors contributed to the decrease in HNP's power generation in 2020?

The decrease was mainly due to reduced electricity demand from the pandemic and increased competition from renewable energy sources.