Datang Power, one of the largest publicly traded independent power producer in China, today announced on- and off-grid power tariff changes effective July 1, 2008. Chinese regulators let gasoline and diesel prices to increase on June 20th and announced plans tht power generators will be allowed to increase tariffs, also. Datang Power acted accordingly and increase the average on-grid tariff by 17.7 Yuan/MWh representing an increase of 5.23 percent.
Detailed breakdown of power generating units follows in the original press release submitted to the Hong Kong Stock Exchange.
Datang International Power Generation Co.
(a sino-foreign joint stock limited company incorporated in the People’s Republic of China)
(Stock Code: 991) Press release from Hong Kong Stock Exchange is here
ANNOUNCEMENT: ADJUSTMENTS OF TARIFFS
This announcement is made pursuant to Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The National Development and Reform Commission (the “NDRC”) of the People’s Republic of China (the “PRC”) recently issued a notice announcing that with effect from 1 July 2008, the adjustments of on-grid tariffs in the power grids of North China, South China, East China, Central China, Northeast China and Northwest China will be made. The main purpose of adjusting the current on-grid tariffs is to alleviate the impact brought by the increase in coal prices.
Pursuant to the approved tariffs adjustment scheme, the average on-grid tariff (inclusive of taxes, in accordance with weighted average of planned power output in 2008) of the coal-fired power generating units of Datang International Power Generation Co., Ltd. (the “Company”) increased by RMB 17.7/MWh, representing an increase of approximately 5.23%. The on-grid tariff adjustments of the respective operating coal-fired power plants of the Company and its subsidiaries are set out in the following table (effective as of 1 July 2008):
Name of Power Plant/Company
On-grid Tariff prior to Adjustment (RMB/MWh)
Tariff Adjustment (RMB/ MWh)
On-grid Tariff after Adjustment (RMB/MWh)
Gao Jing Thermal Power Plant 388.5 10.3 398.8
Dou He Power Plant
Units 1-2 347.2 16.0 363.2
Units 3 - 6 359.0 16.0 375.0
Units 7 - 8 374.0 16.0 390.0
Xia Hua Yuan Power Plant 359.0 16.0 375.0
Zhang Jia Kou Power Plant
Units 1, 3, 4 359.0 16.0 375.0
Unit 2 332.5 16.0 348.5
Units 5 - 8 349.5 16.0 365.5
Jiangxi Datang International Xinyu Power Generation Company Limited 403.0 15.0 418.0
Tianjian Datang International Panshan Power Generation Company Limited 355.2 11.6 366.8
Inner Mongolia Datang International Tuoketuo Power Generation Company Limited 312.0 10.0 322.0
Shanxi Datang International Yungang Thermal Power Company Limited 281.0 19.9 300.9
Hebei Datang International Tangshan Thermal Power Company Limited 346.0 16.0 362.0
Shanxi Datang International Shentou Power Generation Company Limited 298.0 10.0 308.0
Gansu Datang International Liancheng Power Generation Company Limited 250.8 10.7 261.5
Hebei Datang International Wangtan Power Generation Company Limited 350.4 16.0 366.4
Zhejiang Datang Wushashan Power Generation Company Limited 361.0 21.2 382.2
Guangdong Datang International Chaozhou Power Generation Company Limited 453.2 26.0 479.2
Fujian Datang International Ningde Power Generation Company Limited 379.0 23.3 402.3
Yunnan Datang International Honghe Power Generation Company Limited 270.3 35.0 305.3
Shanxi Datang International Yuncheng Power Generation Company Limited 275.4 19.9 295.3
Qianan Datang Thermal Power Generation Company Limited* 350.4 16.0 366.4
Inner Mongolia Datang International Hohhot Thermal Power Generation Company Limited 250.9 9.0 259.9
* Note: Qianan Datang Thermal Power Generation Company Limited is a subsidiary of the Company’s subsidiary, Hebei Datang International Tangshan Thermal Power Company Limited.
By Order of the Board
Zhou Gang
Secretary to the Board
Beijing, the PRC, 24 July 2008
As at the date of this announcement, the directors of the Company are: Zhai Ruoyu, Hu Shengmu, Cao Jingshan, Fang Qinghai, Zhou Gang, Liu Haixia,Guan Tiangang, Su Tiegang, Ye Yonghui, Li Gengsheng, Xie Songlin*, Liu Chaoan*, Yu Changchun*, Xia Qing* and Li Hengyuan*
* Independent non-executive directors