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Huaneng Power International, Inc., together with its subsidiaries, engages in the generation and sale of electric power to the regional or provincial grid companies in the People's Republic of China and internationally. It is involved in the development, construction, operation, and management of power plants and related projects. The company also generates power from gas turbine, hydro, wind, photovoltaic, coal-fired, and biomass resources. In addition, it is involved in the sale of coal ash and lime; cargo loading and storage; port, warehousing, and conveying activities; photovoltaic power generation projects development and construction; and provision of thermal energy and cold energy services, as well as thermal heating services. Further, the company engages in the repair and maintenance of power equipment; supply of steam and hot water; plumbing pipe installation and repair; and energy engineering construction activities. Additionally, it is involved in the provision of transportation services; construction and operation of electricity distribution networks and heating pipe networks; energy supply, energy transmission, and substation project contracting activities; cargo handling and transportation; and port management, investment, and development activities. The company engages in the management of industrial water and waste, as well as provides environment engineering, and information technology and management consulting services. It also sells raw and processed coal; and offers central heat and desalinated water services. As of December 31, 2021, the company had a controlled generating capacity of 118,695 megawatts and an equity-based installed capacity of 103,875 megawatts. Huaneng Power International, Inc. was incorporated in 1994 and is based in Beijing, the People's Republic of China.
Huaneng Power International was established in 1994 by China Huaneng Group, a state-owned enterprise, as a new legal person for the reorganization of Huaneng International Power Development Corporation . In the same year American depositary share of HPI was listed on the New York Stock Exchange. In 1997 China Huaneng Group, HIPDC and HPI became part of the State Power Corporation of China, a mega corporation that replacing the commercial function of the Ministry of Electric Industry. On 21 January 1998 HPI listed its H share on the Stock Exchange of Hong Kong; its A share was listed on the Shanghai Stock Exchange since 6 December 2001. In 2000, HPI also absorbed fellow sister listed company Shandong Huaneng Power Development.
After the dismantle of the State Power Corporation of China in 2003, HPI climbed up one tier as the third-tier subsidiary of the State Council, as China Huaneng Group was directly supervised by the State Council since 2003. The parent company also injected more assets to HPI in order to floats most of the group assets publicly. In the 2004 deal, HPI also acquired an additional 10% minority interests in Jinggangshan Power Plant from Jiangxi Province Investment Corporation, a subsidiary of Jiangxi Provincial People's Government.
In April 2008, HPI also acquired a special-purpose vehicle SinoSing Power from China Huaneng Group for approx. US$985 million. That SPV acquired Tuas Power from Singapore government owned Temasek Holdings for SG$4.235 billion in March 2008 in a leverage buyout.
Building the company into a "red" company serving socialism with Chinese characteristics;A "green" company that focuses on technology and protects the environment;A "blue" company that insists on advancing with the times, learning and innovating, and facing the world.
Building into a world-class listed power generation company
https://en.wikipedia.org/wiki/Huaneng_Power_International
https://www.crunchbase.com/organization/huaneng-power-international
https://sec.report/CIK/0000929058
https://finance.yahoo.com/quote/0902.HK/
https://www.comparably.com/companies/huaneng-power-international
https://companiesmarketcap.com/largest-companies-by-revenue/
