China Huaneng Group

Work starts on Shandong reactor

Construction of a 3 billion yuan (HK$3.69 billion) nuclear power reactor started on the mainland last month, Xinhua reported yesterday, citing the energy company in charge of the project.

Monday, 7 January, 2013, 4:31am

Huaneng Power says it will miss output target

Huaneng Power International, the listed unit of the mainland's largest power producer China Huaneng Group, will be unable to meet its production target set earlier this year amid the economic slowdown but the impact on profit is expected to be offset by lower coal costs.

15 Aug 2012 - 10:58pm

Huaneng powers to 87pc profit rise

Huaneng Power International, the listed unit of the nation's biggest power producer, China Huaneng Group, forecast higher power demand and lower coal prices in the year's second half, after posting an 87.7 per cent year-on-year jump in net profit in the first six months.

15 Aug 2012 - 10:47pm

Power producers may get cash aid

Beijing is mulling a cash injection to bolster ailing power producers that have been hurt by price restrictions to contain inflation amid higher coal costs.

Cao Peixi, the head of the mainland's largest power producer, said Beijing was highly concerned about the industry's financial health.

23 Mar 2012 - 12:00am

Huaneng hit by plunge in profits

Huaneng Power International, the listed unit of China's largest power producer China Huaneng Group, saw its share price plunge 7.5 per cent after it posted an annual profit much worse than expected. Analysts warned its outlook remained challenging this year.

22 Mar 2012 - 12:00am

Power firm shops for Europe bargains

China Power International Holding, parent of listed China Power International Development (CPID) - both chaired by former premier Li Peng's daughter, Li Xiaolin - is eyeing opportunities to invest in highly indebted European utility firms amid the region's sovereign credit crisis.

11 Aug 2011 - 12:00am

Failed listing to hit profit of Huaneng Renewables

Listing hopeful Huaneng Renewables - a unit of China's largest power producer, China Huaneng Group - forecast that its profit will at least double this year because of a rise in the number of wind farms.

28 May 2011 - 12:00am

Huaneng returns with scaled-back offering

Huaneng Renewables Corp, a unit of the mainland's power producer China Huaneng Group that focuses on wind power, has cut the valuation of its relaunched initial public offering by a quarter to attract investors amid depressed interest in the sector.

26 May 2011 - 12:00am

Huaneng to spend 114b yuan on boosting capacity

Huaneng Power International plans to spend 114 billion yuan (HK$135.44 billion) to expand its generating capacity by half by 2015 to meet rising demand, even though government restrictions on power producers are clouding profit outlook.

1 Apr 2011 - 12:00am

Top wind power firms compete for IPO funds

China's largest wind power firm, Huaneng Renewables Corp, is to tap the Hong Kong stock market through a US$1.45 billion listing in a deal that will cross swords with its arch-rival.

6 Dec 2010 - 12:00am

Huaneng Power posts output rise

Huaneng Power International, the listed unit of the nation's largest power producer China Huaneng Group, posted a 38 per cent year-on-year rise in power output in the first half of the year to 118.84 billion kilowatt hours. The company attributed the growth to the low-base effect of last year's first-half and the contribution from newly operating and acquired power plants.

15 Jul 2010 - 12:00am

Expansion of power firms banned after dam violations

Environmental authorities issued a ban on the expansion of the mainland's two biggest power companies yesterday, vowing that the environment would not be sacrificed for economic growth, even during a global economic crisis.

12 Jun 2009 - 12:00am

Huaneng predicts profit if coal prices stay level

Huaneng Power International, which had a 3.9 billion yuan (HK$4.42 billion) net loss last year, expects a profit this year if the contract coal price does not exceed the level of December and plant utilisation falls no more than 6.6 per cent.

3 Apr 2009 - 12:00am

Power producers to get 12.7b yuan relief

Beijing has approved the disbursement of 12.67 billion yuan (HK$14.37 billion) to relieve mainland power firms of losses from damage caused by last year's snowstorms and earthquakes, state media reported.

21 Feb 2009 - 12:00am

Huaneng Power to pay parent US$985m for Singapore firm

Huaneng Power International, the listed unit of the mainland's largest power producer, has made its first overseas foray by agreeing to take over its parent's stake in Singapore's Tuas Power.

The widely expected deal would add 2,670 megawatts, or 8 per cent, to Huaneng Power's generating capacity.

8 May 2015 - 9:33am