Huaneng Power International, Inc. domestic electricity sold in the first quarter of 2021 increased by 30.20% year-on-year

Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its electricity sold for the first quarter of 2021.

According to the preliminary statistics of the Company, for the first quarter of 2021, the Company's total electricity sold by power plants within China on consolidated basis amounted to 105.009 billion kWh, representing an increase of 30.20% over the same period last year. For the first quarter of 2021, the Company's average on-grid electricity settlement price for its power plants within China amounted to RMB419.98 per MWh, representing a decrease of 0.56% over the same period last year. For the first quarter of 2021, the ratio of Company's market-based electricity sold reached 57.32%, representing an increase of 24.05 percentage points over the same period last year.

The increase in the Company's electricity was mainly attributable to the significant year-on-year rise in power generation side driven by an increased electricity demand in the first quarter of 2021. In addition, given that the first quarter is the heating season for northern China, the Company's thermal power units saw a relatively large increase in utilization hours which further contributed to this growth.