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Huaneng Power's electricity output down 1.46% in H1

Jul. 13, 2012 (China Knowledge) - Huaneng Power International Inc<600011><0902>, China's largest listed power company, said its power plants in China generated 150.17 terawatt hours (TWhs) of electricity in the first half of this year, 1.46% less than in the same period of 2011, sources reported.

The power producer said in a statement that its electricity sales reached 141.64 TWhs in the first six months, down 1.45% YoY.
The company attributed the decrease in electricity output mainly to a decline in the output of electricity from thermal power plants and slow growth in newly-installed power capacity.

The company said earlier that its net profit soared 306.33% YoY to RMB 919 million in the first quarter of this year, due to an increase in domestic on-grid power prices and higher earnings from its Singapore power business. The firm's revenue rose 13% YoY or 1.93% quarter on quarter to RMB 34.26 billion during the period, China Knowledge reported earlier.

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