Huaneng Power International

Not to be confused with Huadian Power International, another power producer of People's Republic of China.
Huaneng Power International Inc.
华能国际电力控股有限公司
Public (SEHK: 0902, SSE: 600011, NYSE: HNP)
Industry Power generation
Founded 1994
Headquarters Beijing, People's Republic of China
Area served
 People's Republic of China
Key people
 Chairman: Mr. Huang Yongda
Parent China Huaneng Group
Website Huaneng Power International

Huaneng Power International Inc., or Huaneng, was established in 1994 administrated by the State Council of the People's Republic of China. It is one of the five largest power producers in China. It engages in the development, construction and operation of large power plants.[1] China Huaneng Group (CHNG) has an 11.11% stake in the company, Huaneng International Power Development Corporation (HIPDC) has a 36.05% stake in HPI.[2] CHNG has a 51.98% stake in HIPDC.[3]

In 2008 Huaneng acquired Tuas Power from Singapore's Temasek Holdings for $3 billion US dollars.[4][5]

References

  1. ↑ Company Profile
  2. ↑ http://www.hkexnews.hk/listedco/listconews/sehk/2014/0818/LTN20140818294.pdf P.19
  3. ↑ http://www.irasia.com/listco/hk/huanengpower/press/p101228.htm
  4. ↑ China Business News: Huaneng Restructures Tuas Fiancancing
  5. ↑ http://www.temasek.com.sg/mediacentre/newsreleases?detailid=8422
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