Huaneng Power International, Inc. Hubei Sui Xian Jieshan Wind Farm Project Obtained Approval
BEIJING, Dec. 23, 2013 -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced that Huaneng Sui Xian Jieshan Wind Farm Project (which is wholly-owned by the Company) in Hubei Province had recently obtained the approval from the Development and Reform Commission of Hubei Province.
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Jieshan Wind Farm Project has a planned installed capacity of 48MW with an estimated total investment of RMB428 million. 20% of the investment will be project capital to be contributed by the Company from its internal funds while the remaining investment will be funded by bank loans.
About the Company
The Company is one of China's largest listed power producers with controlled generation capacity of 66,747 MW and equity-based generation capacity of 59,561 MW. The power plants of the Company are located in 19 provinces, municipalities and autonomous regions in China. The Company also has a wholly-owned power company in Singapore.
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