FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of June, 2006
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
----- -----
(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
----- -----
(If "Yes" is marked, indicate below the file number assigned to registrant in
connection with Rule 12g3-2(b):
82-__________. )
N/A
Huaneng Power International, Inc.
West Wing, Building C, Tianyin Mansion
No. 2C Fuxingmennan Street
Xicheng District
Beijing, 100031 PRC
This Form 6-K consists of:
The press release on announced tariff adjustments of Huaneng Power International
Inc. (the "Registrant"), made by the Registrant in English on June 29, 2006.
6IGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
under-signed, thereunto duly authorized.
HUANENG POWER INTERNATIONAL, INC.
By /s/ Huang Long
---------------
Name: Huang Long
Title: Executive Director
Date: June 29, 2006
[GRAPHIC OMITTED]
To: Business Editor
[For Immediate Release]
HUANENG POWER INTERNATIONAL, INC.
Announces Tariff Adjustments
(Beijing, China, June 29, 2006) Huaneng Power International, Inc. (the
"Company") [NYSE: HNP; HKEx: 902; SSE: 600011] announced the adjustments of
tariffs of some of its power plants.
Pursuant to a notice recently issued by the National Development and Reform
Commission (the "NDRC"), the NDRC decided to adjust the on-grid tariffs of the
power plants in the power grids of North China, South China, Central China, East
China, Northeast and Northwest with effect from 30th June 2006.
The main purpose of adjusting the on-grid tariffs is to resolve the conflict
arising from the increase of coal price and the desulphurization renovation of
power plants. Key aspects of the plan include the following:
1. Coal-electricity Price Linkage Mechanism (the "Mechanisms") to be
implemented to appropriately raise on-grid tariffs.
In order to resolve the problem due to the increase of the average coal
price in 2005 exceeding the latest estimates as per Mechanisms in the
regions where the Company's power plants are located, the increase of the
contract price of coal in 2006, and the impact on on-grid tariffs resulted
from the two increases in the railway transportation costs in 2005, the
on-grid tariffs are to be appropriately raised.
2. On-grid tariffs will be increased as a result of the cost increase due to
the installation of the flue-gas desulphurization facilities.
In respect of the coal-fired generating units with desulphurization
facilities which had been put into operation before the end of 2006 while
their on-grid tariffs have not been taken into consideration of the cost of
desulphurization, their on-grid tariffs will be increased by RMB15/MWh
(including VAT) after passing the examination by the provincial
environmental protection departments and obtaining the approval from the
provincial pricing bureau.
3. Excess generation tariffs will be abolished for those provinces where excess
generation tariffs have been previously applied.
Such abolition will be implemented in the South Hebei Grid, Hunan Province
and Gansu Province where the Company's power plants are located.
According to the above-mentioned approved tariff adjustment plan, the average
on-grid tariffs of the Company's coal-fired power plant will be increased by
RMB9/MWh (exclusive of tariff increase for desulphurization) with effect from
30th June 2006.
Pursuant to a document in respect of the tariff adjustments issued by the NDRC,
the on-grid tariffs of the Company's power plants will be adjusted as follow:
---------------------------------------------------------------------------------------------------------------------------
On-grid Tariff On-grid Tariff
Power Plants before Adjustment Change after Adjustment
(RMB/MWh) (VAT (RMB/MWh) (RMB/MWh) Remark
Inclusive) (VAT Inclusive) (VAT Inclusive)
---------------------------------------------------------------------------------------------------------------------------
Liaoning Province
---------------------------------------------------------------------------------------------------------------------------
Dalian - Increase - -
Dandong - RMB15.1/MWh - -
Yingkou - as a result of the - -
Mechanisms
---------------------------------------------------------------------------------------------------------------------------
Guangdong Povince
---------------------------------------------------------------------------------------------------------------------------
Shantou 468.51 29.20 497.71 Inclusive of tariff
Coal-fired increase of RMB15.00
Phase I for desulphurization
---------------------------------------------------------------------------------------------------------------------------
Shantou Coal-fired 439.00 14.20 453.20 -
Phase II
---------------------------------------------------------------------------------------------------------------------------
Jiangsu Province
---------------------------------------------------------------------------------------------------------------------------
Nantong 355.70 15.50 371.20 Inclusive of tariff
increase of RMB7.50
for desulphurization
(700MW desulphurized),
to be implemented
---------------------------------------------------------------------------------------------------------------------------
Nanjing 355.70 8.00 363.70 -
---------------------------------------------------------------------------------------------------------------------------
Taicang 384.20 6.50 390.70 Inclusive of tariff
increase of RMB2.50
for desulphurization
(300MW desulphurized),
to be implemented
---------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------
On-grid Tariff On-grid Tariff
Power Plants before Adjustment Change after Adjustment
(RMB/MWh) (VAT (RMB/MWh) (RMB/MWh) Remark
Inclusive) (VAT Inclusive) (VAT Inclusive)
---------------------------------------------------------------------------------------------------------------------------
Huaiyin Phase I 359.70 19.00 378.70 Inclusive of tariff
increase of RMB15.00
for desulphurization,
to be implemented
---------------------------------------------------------------------------------------------------------------------------
Huaiyin Phase II 385.70 4.00 389.70 -
---------------------------------------------------------------------------------------------------------------------------
Shandong Province
---------------------------------------------------------------------------------------------------------------------------
Dezhou Phase II 355.50 25.90 381.40 Inclusive of tariff
increase of RMB15.00
for desulphurization,
to be implemented
---------------------------------------------------------------------------------------------------------------------------
Dezhou 355.50 10.90 366.40 -
Phase I and III
---------------------------------------------------------------------------------------------------------------------------
Jining 310.00 20.90 330.90 -
Unit 3 and 4
---------------------------------------------------------------------------------------------------------------------------
Jining 360.00 10.90 370.90 -
Unit 5 and 6
---------------------------------------------------------------------------------------------------------------------------
Weihai 400.00 6.00 406.00 -
---------------------------------------------------------------------------------------------------------------------------
Xindian 345.00 10.90 355.90 -
---------------------------------------------------------------------------------------------------------------------------
Rizhao 396.40 10.90 407.30 -
---------------------------------------------------------------------------------------------------------------------------
Shanghai
---------------------------------------------------------------------------------------------------------------------------
Shidongkou I 358.00 13.70 371.70 Inclusive of tariff
increase of RMB15.00
for desulphurization
for Shidongkou I. In
order to keep the
tariff level of the
Shidongkou II 358.00 13.70 371.70 two plants consistent,
the tariffs of both
power plants will be
increased by RMB7.50,
to be implemented
---------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------
On-grid Tariff On-grid Tariff
Power Plants before Adjustment Change after Adjustment
(RMB/MWh) (VAT (RMB/MWh) (RMB/MWh) Remark
Inclusive) (VAT Inclusive) (VAT Inclusive)
---------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------
Hebei South Grid
---------------------------------------------------------------------------------------------------------------------------
Shangan 341.00 9.50 350.50 -
---------------------------------------------------------------------------------------------------------------------------
Zhejiang Province
---------------------------------------------------------------------------------------------------------------------------
Changxing 403.80 9.50 413.30 -
---------------------------------------------------------------------------------------------------------------------------
Shanxi Province
---------------------------------------------------------------------------------------------------------------------------
Yushe Phase I 308.00 16.40 324.40 -
---------------------------------------------------------------------------------------------------------------------------
Yushe Phase II 259.00 16.40 275.40 -
---------------------------------------------------------------------------------------------------------------------------
Henan Province
---------------------------------------------------------------------------------------------------------------------------
Qinbei 321.00 13.20 334.20 -
---------------------------------------------------------------------------------------------------------------------------
Chongqing Municipal
---------------------------------------------------------------------------------------------------------------------------
Luohuang 308.00 14.40 322.40 -
---------------------------------------------------------------------------------------------------------------------------
Hunan Province
---------------------------------------------------------------------------------------------------------------------------
Yueyang Phase I 369.00 18.50 387.50 -
---------------------------------------------------------------------------------------------------------------------------
Yueyang Phase II 384.00 18.50 402.50 -
---------------------------------------------------------------------------------------------------------------------------
Jiangxi Province
---------------------------------------------------------------------------------------------------------------------------
Jinggangshan 365.00 13.00 378.00 -
---------------------------------------------------------------------------------------------------------------------------
Gansu Province
---------------------------------------------------------------------------------------------------------------------------
Pingliang 230.30 8.80 239.10 -
---------------------------------------------------------------------------------------------------------------------------
Huaneng Power International, Inc. develops, constructs, operates and manages
power plants in China nationwide, with a total generation capacity of 24,260MW
on an equity basis. The Company wholly owns sixteen operating power plants, and
has controlling interests in twelve operating power companies and minority
interests in four operating power companies. Today, it is the largest listed
power producer in China.
~ End ~
For further information, please contact:
Ms. Meng Jing / Ms. Zhao Lin Ms. Christy Lai / Ms. Sally Wong
Huaneng Power International, Inc. Rikes Communications Limited
Tel: (8610) 6649 1856 / 1866 Tel: (852) 2520 2201
Fax: (8610) 6649 1860 Fax: (852) 2520 2241
Email: ir@hpi.com.cn