• Wed
  • Jul 23, 2014
  • Updated: 10:47am

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

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