Huaneng Power International, Inc. · Beijing China ·(NYSE: HNP)
Company Description
Phone: +86-10-6649-1999
Fax: +86-10-6649-1888
Rankings
- #405 in FT Global 500
View Huaneng Power International, Inc. Locations On A US Map
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This link will open in a new window Huaneng Power International is one of China's largest independent power producers. The company owns 16 operating power plants, controls 13 power companies, and has minority stakes in five others. Its power plants in 12 provinces have a capacity of more than 33,270 MW; nearly all of the company's power is produced from coal. Huaneng Power International also has some 4,560 MW of capacity under construction and is growing through acquisitions. Huaneng Power International sells power to local utilities, primarily in China's coastal provinces. Huaneng International Power Development Corporation, a subsidiary of the China Huaneng Group , owns 42% of Huaneng Power International; China Huaneng Group, 9%. To read the full description, subscribe now.
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Key Huaneng Power International, Inc. Financials
| Company Type | Public - NYSE: HNP Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $9,857.6 |
| 2008 Employees | 28,130 |
Huaneng Power International, Inc. Executives
23 executives listed for Huaneng Power International, Inc.'s Beijing, location.
| Title | Name & Bio | Contact |
| Chairman | Cao Peixi | Network |
| Vice Chairman of the Board of Directors and Interim Chairman | Huang Yongda | Network |
| Vice Chairman | Huang Long | Network |
Competition
Competitive Landscape for Huaneng Power International, Inc.
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Huaneng Power International, Inc. Competitors
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