Huaneng Power International has announced its power generation in the first half year of 2016. Huaneng Power International is one of China’s largest listed power producers with controlled generation capacity of 82,571 MW and equity-based generation capacity of 75,403 MW. Its power plants are located in 22 provinces, municipalities and autonomous regions in China. It also has a wholly-owned power company in Singapore.
In the first half of 2016, the accumulated power generation accounted for a market share of 21.6%, representing a decrease of 0.8% compared to the same period last year.
According to the preliminary statistics of HPI, for the second quarter of 2016, the Company’s total power generation by the power plants within China on consolidated basis amounted to 69.220 billion kWh, representing a decrease of 10.43% over the same period last year. Total electricity sold by the Company amounted to 65.351 billion kWh, representing a decrease of 10.06% over the same period last year. In the first half of 2016, the Company’s total power generation by the power plants within China on consolidated basis amounted to 146.080 billion kWh, representing a decrease of 8.60% over the same period last year.
Total electricity sold by the Company amounted to 138.075 billion kWh, representing a decrease of 8.35% over the same period last year. In the first half of 2016, the Company’s average on-grid electricity settlement price for its power plants within China amounted to RMB394.46 per MWh, representing a decrease of 12.37% over the same period last year.
The decrease in the Company’s power generation in the first half of the year was mainly attributable to the following factors:
- The whole nation saw sluggish growth in power consumption and a decrease in utilization hours
- The substantial increase of cross-regional power transmission squeezed the generation potential of the coal-fired power generators in the coastal areas in the east and south of the country such as e.g. Henan, Chongqing, Shanghai, Jiangsu, Zhejiang and Guangdong), which accounted for a relatively high proportion in the Company’s total power generation capacities;
- Due to heavy rainfall in the first half of the year, the power generation of nationwide large-scale hydro power plants increased by 16.7% compared to the same period of last year, which reduced the output of coal-fired power plants located in the middle and east of China;
- Release of the 2015 newly installed capacity in Liaoning, Guangdong and Fujian, combined with the commencement of operations of new nuclear power generators in Guangdong and Guangxi in 2016, had a negative impact on the output of coal-fired power units in these regions.
For the second quarter of 2016, the power generation of Tuas Power Limited in Singapore, which is wholly-owned by the Company, accounted for a market share of 21.4% in Singapore, representing a decrease of 1.4 percentage points compared to the same period of last year. In the first half of 2016, the accumulated power generation accounted for a market share of 21.6%, representing a decrease of 0.8% compared to the same period last year.
In addition, the Huaneng Yingcheng Cogeneration Unit No. 1 (50MW), the 10MW photovoltaic power units of Huaneng Liaoning Dandong Power, the 25 wind power units with a total capacity of 50MW of Huaneng Anhui Huaining Shijing Wind Farm, the 10 MW photovoltaic power units of Huaneng Liaoning Yingkou Cogeneration, the 20 MW photovoltaic power units of Huaneng Hebei Kangbao Xitan Photovoltaic (each being wholly owned by the Company) as well as the Jiangsu Nanjing Cogeneration Unit No. 1 (50 MW) (70% owned by the Company) have been put into operation in the second quarter. Meanwhile, the installed capacity of certain power plants invested by the Company changed. As of 30 June 2016, the Company had a controlled installed capacity of 82,571 MW and an equity-based installed capacity of 75,403 MW.
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