Approval obtained on coal-fired air-cooling power generation project of Zioquan Power Plant
Huaneng Power Int. (NYSE:HNP) (HKG:0902)
Huaneng Power International, Inc. (NYSE:HNP) (the “Company”) announced that the project of two 600MW domestic supercritical coal-fired air-cooling generation units (the “Project”) of Shanxi Huaneng Zuoquan Power Plant (in which the Company holds 80% interests) was recently approved by the National Development and Reform Commission.
The Project will install electrostatic precipitators, desulphurisation, denitrification and on-line flue-gas ongoing monitoring system. Emission indices at the power plant will meet the State’s prescribed requirements on environmental protection.
The total investment amount of the Project is estimated to be approximately RMB5.09 billion, of which 20% is equity capital which is to be contributed by the Company and Shanxi International Electricity Group Limited Company according to the capital contribution ratio of 80% and 20%, respectively. The remaining investment will be funded by bank loans.
By Order of the Board
Huaneng Power International, Inc.