Huaneng Power International, Inc.
HUNGF
Other OTC0.70
USD
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Huaneng Power International, Inc.
HUNGF
(Other OTC)
Recent
price
0.70
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Huaneng Power International, Inc. (HUNGF) operates as one of China's largest independent power producers, primarily engaged in the development, construction, operation, and management of large-scale power plants across coal-fired, gas-fired, hydro, wind, photovoltaic, and biomass sources; it generates and sells electricity to regional and provincial grid companies in China while also supplying heat and engaging in related activities such as cargo loading, storage, port operations, and coal ash sales. The company maintains an extensive portfolio of power plants in 26 provinces, autonomous regions, and municipalities in China, with additional wholly-owned operations in Singapore through Tuas Power and investments in Pakistan; its controlled installed capacity exceeds 113,000 MW, including significant clean energy contributions from gas turbine, wind, solar, and hydro facilities. Founded in 1994 and headquartered in Beijing, China, as a subsidiary of China Huaneng Group, Huaneng Power International targets domestic utility grids and industrial customers with a focus on thermal and renewable power segments. Key products and services encompass coal-fired and gas-fired power generation as core offerings, supplemented by new energy projects in wind farms, photovoltaic installations, hydropower stations, and biomass units; notable assets include subsidiaries such as Jinggangshan Power Plant, Luohuang Power Plant, Hanfeng Power Plant, Yueyang Power Plant, and Yingkou Power Plant, alongside overseas facilities like Tuas Power in Singapore. The company provides comprehensive thermal energy, cold energy services, and engineering support, with approximately 20% of capacity derived from clean sources including over 15,000 MW in wind, 13,000 MW in solar, and growing hydro and biomass installations. Recent developments include a late 2024 acquisition of Huaneng Sichuan Hydropower Co. for CNY 8.5 billion to bolster hydropower assets and diversification; plans for over CNY 50 billion in new energy investments by 2025 targeting large-scale clean energy bases, solar-agriculture hybrids, and a 15% solar capacity increase; and energy storage advancements such as the 5 MW supercapacitor system at Fujian Luoyuan Power Plant and projects like the Gansu Energy Base supporting over 1 GW in new installations. China Huaneng Group, its parent, secured CNY 15 billion in equity financing in December 2024 for renewables expansion via Huaneng Renewables, enhancing group-wide solar and wind capabilities amid debt reduction efforts; additionally, ongoing framework agreements renew connected transactions for fuel, technical services, and leasing through 2025-2026. These initiatives reflect strategic shifts toward renewables, regional expansions in Southeast Asia's Mekong basin, and operational enhancements including compressed air energy storage at Jintan Phase II.
Huaneng Power International (OTCMKTS:HUNGF) Trading Down 5.8% – Time to Sell?
Huaneng Power International (OTCMKTS:HUNGF) Shares Down 2.8% – Should You Sell?