Huaneng Power International, Inc. Announces Completion of Generating Assets Acquisition from Huaneng Group and HIPDC

BEIJING, Jan. 8, 2015 /PRNewswire/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced that its acquisition of certain generating assets from Huaneng Group and HIPDC (the "Transaction") had been completed recently.

On October 13, 2014, the Company executed the Agreement on the Transfer of Equity Interests of Certain Companies between China Huaneng Group and Huaneng Power International, Inc. with China Huaneng Group ("Huaneng Group"), and the Agreement on the Transfer of Equity Interests of Certain Companies between Huaneng International Power Development Corporation and Huaneng Power International, Inc. and the Agreement on the Transfer of 60% equity interests in Huaneng Chaohu Power Generation Co. Ltd. between Huaneng International Power Development Corporation and Huaneng Power International, Inc. with Huaneng International Power Development Corporation ("HIPDC") (the above mentioned three agreements are collectively referred to as the "Transfer Agreements").

The Transaction was completed recently, whereby the Company paid 50% of the consideration of the Transaction to Huaneng Group and HIPDC, respectively, pursuant to the Transfer Agreements on January 8, 2015.

Upon completion of the Transaction, the Company owns 91.8% equity interests in the registered capital of Hainan Power, 75% equity interests in the registered capital of Wuhan Power, 53.45% equity interests in the registered capital of Suzhou Thermal Power, 97% equity interests in the registered capital of Dalongtan Hydropower, 100% equity interests in the registered capital of Hualiangting Hydropower, 60% equity interests in the registered capital of Chaohu Power, 100% equity interests in the registered capital of Ruijin Power, 100% equity interests in the registered capital of Anyuan Power, 100% equity interests in the registered capital of Jingmen Thermal Power and 100% equity interests in the registered capital of Yingcheng Thermal Power. Accordingly, each of the Company's controlled generation capacity and equity based generation capacity has increased by 7,787.5 MW and 6,437.7 MW, respectively. At present, the Company has controlled generation capacity of 78,272 MW and equity based generation capacity of 70,195 MW.

About Huaneng Power International, Inc.

Huaneng Power International, Inc. is one of China's largest listed power producers with controlled generation capacity of 78,272 MW and equity-based generation capacity of 70,195MW. Its power plants are located in 21 provinces, municipalities and autonomous regions in China. It also has a wholly-owned power company in Singapore.

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SOURCE Huaneng Power International, Inc.

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