Power firm pays out

Shandong Huaneng Power Development, which is listed in New York and is planning a dual listing in Hong Kong, yesterday approved the payment of a year-end dividend of four fen a share, bringing the yearly pay-out to six fen a share. The firm holds interests in three operating power plants, including Dezhou Plant, with 100 per cent, the Jining plant, 75 per cent, and the Weihai plant, 65 per cent - all in Shandong.