Jan. 11, 2012 (China Knowledge) - Huaneng Power International Inc<600011
>, China's largest listed power company, said its power plants in China generated 313.55 terawatt hours (TWhs) of electricity last year, 22.03% more than a year earlier, sources reported.
The company attributed the sharp increase in electricity output mainly due to an expanded power capacity as many new generators started operation in the second half of 2010. In addition, the acquisitions of Diandong Energy Co and Zhanhua Co-Generation Ltd helped further increase the company's market share.
The power producer said in a statement that its electricity sales reached 295.72 TWhs in 2011, 22.30% more than that in the previous year.
In the first three quarters, the company's net profit dropped 55% year on year to RMB 1.41 billion, due to rising fuel cost and more interest expenditure. Operating revenue amounted to RMB 99.8 billion, up 30% from RMB 76.8 billion in the corresponding period of last year, China Knowledge reported earlier