Stock Code: HKEx: 0902; NYSE: HNP; SSE: 600011

Website: www.hpi.com.cn

Huaneng Power International, Inc. and its subsidiaries are engaged in developing, constructing, operating and managing large-scale coal-fired power plants throughout China. The Company is one of the largest independent power producers in China with a total generation capacity of 28,787MW on an equity basis, and has a controlling generation capacity of 32,824MW as at 30th September 2007.

The Company was incorporated on 30th June 1994. It completed its initial public offering of 1,250,000,000 overseas listed foreign shares ("foreign shares") in October 1994 and such shares (represented by 31,250,000 American Depository Shares) were listed on the New York Stock Exchange (NYSE: HNP). In January 1998, the foreign shares of the Company were listed on The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") by way of introduction (Stock Code: 902). Subsequently, in March 1998, the Company successfully completed a global placement of 250,000,000 foreign shares along with a private placement of 400,000,000 domestic shares. In November 2001, the Company successfully completed the issue of 350,000,000 A shares in the PRC, of which 250,000,000 shares were domestic public shares. Currently, the total share capital of the Company amounts to approximately 12.06 billion shares, approximately 3.56 billion shares of which are tradable listed shares.

As at 30th June 2007, the Company and its subsidiaries wholly own 17 operating power plants and have controlling interests in 12 operating power plants and minority interests in 5 operating power companies. Its power plants have advanced equipment with high efficiency and stability. Their operations are widely located in those regions in China where there are rapid economic growth and fast-increasing power demand. The core business of the Company is to develop, construct, and operate large-scale coal-fired power plants by making use of modern technology and equipment and financial resources available domestically and internationally. The Company was the first to introduce 600MW supercritical coal-fired generating units in China while its Huaneng Dalian Power Plant was the first one to be awarded with the honour of "First Class Coal-fired Power Plant" in China. The Company was the first power company in China to achieve listing status in New York, Hong Kong and Shanghai. The planned Huaneng Yuhuan Power Plant will adopt the internationally advanced technology to construct a domestically built 1,000 MW ultra-supercritical coal-fired power generation unit in China. The overall manpower efficiency of the Company has been remaining at the forefront in China's power industry. In 2000, the Company was conferred the honour of "First Class Power Company in China" by the former State Power Corporation.

Throughout the years, with efforts in seeking expansion and operating the business in a prudent manner, the Company has expanded gradually, with steady profit growth and increasing competitive strengths. The success of the Company is attributable to the following competitive advantages: (1) advanced equipment, highly efficient generating units and stable operation of power plants; (2) high-quality staff and experienced management; (3) a regulated corporate governance structure and rationalised decision-making mechanisms; (4) geographical advantages of the locations of the power plants which present promising prospects in the power market; and (5) good credit standing and reputation inside and outside China and rich experience in the capital markets.

updated 4th October, 2007

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