Core Viewpoint - The Huaneng Zhengning Power Plant in Gansu is operating two 1 million kW coal-fired generating units at full capacity to ensure energy supply during winter, with a significant focus on carbon capture technology to reduce emissions [1] Group 1: Energy Supply and Capacity - The two units can generate 48 million kWh of electricity in a day, sufficient to meet the daily power needs of millions of households, with most of the electricity transmitted to Shandong via ultra-high voltage lines [1] - Coal power contributes over 50% of the electricity generation and 70% of peak capacity in China, despite having less than 40% of the installed capacity [1] Group 2: Carbon Capture Technology - The carbon capture demonstration project at Huaneng Zhengning Power Plant is the largest of its kind globally, achieving a CO2 capture rate exceeding 90% and capturing 1.5 million tons of CO2 annually, equivalent to the emissions of approximately 600,000 cars [1] - The project utilizes a novel "two-tower integrated" design for carbon capture, which combines pre-washing and CO2 absorption into a single unit, significantly improving efficiency and reducing energy consumption [2] Group 3: Advanced Equipment Development - The first eight-stage supercritical CO2 compressor in China has been developed, capable of compressing captured CO2 to a supercritical state, reducing its volume to 1/300 of its original size, thus enhancing pipeline transport efficiency [3] - This compressor features eight compression cylinders, improving efficiency by 10% and saving 10 kWh of electricity for every ton of CO2 compressed, filling a gap in domestic supercritical compression equipment [3] Group 4: Carbon Storage Solutions - The project employs multi-layer injection technology to store captured CO2 at depths of 2000 to 3500 meters, significantly increasing storage capacity, with a single well capable of storing 200,000 tons of CO2 annually [4] - An integrated monitoring system is in place to ensure the long-term safety and effectiveness of CO2 storage, utilizing satellite remote sensing and ground monitoring [4] - The carbon capture demonstration project also supports flexible operation modes, allowing coal-fired units to adjust output while achieving large-scale carbon capture [4]

Core Insights - A new company named Zhongyan (Changzhou) Salt Cave Energy Storage Co., Ltd. has been established with a registered capital of 120 million RMB [1] - The legal representative of the company is Xie Weiwei [1] - The company focuses on energy storage technology services among other operations [1] Company Structure - The company is jointly owned by Huaneng International's Jiangsu Energy Development Co., Ltd. and China Salt Group's China Salt Salt Cave Comprehensive Utilization Co., Ltd. [1]

Core Viewpoint - The Huaneng Zhengning Power Plant in Gansu is operating two 1 million kW coal-fired generating units at full capacity to ensure energy supply during winter, with a significant focus on carbon capture technology to reduce emissions [1] Group 1: Energy Supply and Capacity - The two units can generate 48 million kWh of electricity in a day, sufficient to meet the daily power needs of millions of households, with most of the electricity transmitted to Shandong via ultra-high voltage lines [1] - Coal power contributes over 50% of the electricity generation and 70% of peak capacity in China, despite having less than 40% of the installed capacity, highlighting its critical role in energy supply [1] Group 2: Carbon Capture Technology - The power plant features the world's largest coal-fired carbon capture demonstration project, which began operations in September, capturing 1.5 million tons of CO2 annually, equivalent to the emissions of approximately 600,000 cars [1] - The project utilizes a new "two-tower integrated" design for carbon capture, which combines pre-washing and CO2 absorption into a single unit, significantly improving efficiency and reducing energy consumption [2] - A new type of absorption solvent developed by Huaneng achieves over 90% CO2 capture efficiency, with a purity of over 99%, and extends the solvent's lifespan from about one year to over two years [2] Group 3: Compression and Storage - The project has developed China's first eight-stage supercritical CO2 compressor, which compresses captured CO2 to a supercritical state, reducing its volume to 1/300 of its original size, thus enhancing pipeline transport efficiency [3] - The compressor is designed to be more efficient and lighter than traditional single-shaft compressors, saving 10 kWh of electricity for every ton of CO2 compressed [3] Group 4: Carbon Storage and Monitoring - The project employs a multi-layer injection technique to store captured CO2 at depths of 2000 to 3500 meters, significantly increasing storage capacity, with a single well capable of storing 200,000 tons annually [4] - An integrated monitoring system using satellite remote sensing and ground monitoring ensures the long-term safety and effectiveness of CO2 storage [4] - The carbon capture demonstration project also supports flexible operation modes to ensure stable electricity supply while achieving large-scale carbon capture [4]

Group 1 - The establishment of Zhongyan (Changzhou) Salt Cave Energy Storage Co., Ltd. was recently reported, with a registered capital of 120 million RMB [1] - The company is co-owned by Huaneng International's Jiangsu Energy Development Co., Ltd. and China Salt Group's China Salt Salt Cave Comprehensive Utilization Co., Ltd. [1] - The business scope of the new company includes energy storage technology services [1]

Group 1 - A new company, Zhongyan (Changzhou) Salt Cave Energy Storage Co., Ltd., has been established with a registered capital of 120 million RMB [1] - The legal representative of the new company is Xie Weiwei [1] - The business scope includes energy storage technology services [1] Group 2 - The company is jointly owned by Huaneng International's Jiangsu Energy Development Co., Ltd. and Zhongyan Group's Zhongyan Salt Cave Comprehensive Utilization Co., Ltd. [1]

Core Points - Huaneng International Power Co., Ltd. has received approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission to publicly issue corporate bonds with a total face value of up to RMB 40 billion [1][2] - The company has completed the issuance of the first phase of its 2025 public offering of technology innovation corporate bonds, with a planned issuance scale of up to RMB 2.5 billion [1] - The first type of bond has an actual issuance amount of RMB 2.5 billion with an interest rate of 1.98%, while the second type has not been issued [1] Fund Utilization - The funds raised from this bond issuance, after deducting issuance costs, are intended for productive expenditures, including repayment of interest-bearing debts, replenishing working capital, project investment, and operational purposes that comply with legal regulations [1]

证券代码: 600011 证券简称: 华能国际 公告编号:2025-068 华能国际电力股份有限公司 关于公司债券发行的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 华能国际电力股份有限公司（"公司"）面向专业投资者公开发行面值不超过 人民币400亿元（含400亿元）的公司债券已经上海证券交易所审核同意，并经中 国证券监督管理委员会同意注册（证监许可〔2025〕1335号）。 本期债券发行的有关文件已在上海证券交易所网站上公告，网址为 www.sse.com.cn。 特此公告。 华能国际电力股份有限公司董事会 2025 年 11 月 18 日 公司已于近日完成了华能国际电力股份有限公司2025年面向专业投资者公 开发行科技创新公司债券（第一期）（"本期债券"）的发行。本期债券拟发行规 模不超过人民币25亿元（含25亿元），分为两个品种：品种一期限为5年，品种 二期限为10年。本期债券品种一实际发行额为人民币25亿元，发行利率为1.98%； 本期债券品种二未实际发行。 本期债券募集资金扣除发行费用后，拟将用于生产性支出， ...

Core Viewpoint - Huaneng International Power Co., Ltd. has successfully completed the issuance of its 2025 technology innovation corporate bonds aimed at professional investors, with a total issuance scale of up to RMB 2.5 billion [1] Group 1: Bond Issuance Details - The bond issuance consists of two varieties: one with a maturity of 5 years and the other with a maturity of 10 years [1] - The actual issuance amount for the first variety is RMB 2.5 billion, with an issuance interest rate of 1.98% [1] - The second variety of bonds was not actually issued [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 承董事會命 華能國際電力股份有限公司 黃朝全 公司秘書 於 本 公 告 日，本 公 司 董 事 為： 王 葵 （執 行 董 事） 劉安倉 （執 行 董 事） 杜大明 （非 執 行 董 事） 周 奕 （非 執 行 董 事） 李來龍 （非 執 行 董 事） 李 進 （非 執 行 董 事） 曹 欣 （非 執 行 董 事） 高國勤 （非 執 行 董 事） 丁旭春 （非 執 行 董 事） 王劍鋒 （非 執 行 董 事） 中國‧北京 2025年11月18日 夏 清 （獨 立 非 執 行 董 事） 賀 強 （獨 立 非 執 行 董 事） 張麗英 （獨 立 非 執 行 董 事） 張守文 （獨 立 非 執 行 董 事） 黨 英 （獨 立 非 執 行 董 事） 证券代 ...

Group 1 - Huaneng International Power Co., Ltd. has completed the issuance of its first phase of technology innovation corporate bonds aimed at professional investors, with the issuance date being November 17, 2025 [1] - The actual issuance scale of the first bond variety (referred to as 25HPI01K, code: 244213.SH) is 2.5 billion yuan, with a final coupon rate of 1.98% [1] - The subscription multiple for this bond is 2.27 times, indicating strong investor interest, while the second bond variety was not issued [1]