Huaneng Power International, China's largest power producer, said Wednesday its net profits in the first quarter of 2010 surged 40.9 percent from the same period last year.
Huaneng Power International Co., China's biggest listed electricity producer, said Friday that preliminary accounting for 2009 showed it stepped out of red in the past year.
Huaneng Power International Inc, China's largest listed power producer, yesterday got a S$3.2 billion (US$2.3 billion) bank loan to fund its acquisition of Tuas Power in Singapore.
China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity Corp aims to increase its annual coal output to 20 million tons this year.
Huaneng Power International Inc posted a net loss of 3.9 billion yuan in 2008 on soaring coal costs, compared with a net profit of 6.1 billion yuan in 2007.
Bank of China (BOC) has lent 680 million yuan to China Huaneng Group (CHNG), the country's largest power producer, to help it carry out acquisitions, said the bank on Saturday.
The share price of Huaneng Power International came within a hair's breath of its daily limit on the Shanghai Stock Exchange, after announcing a third-quarter loss of 2.16 billion yuan (US$31.59 million).