Huaneng Power International, Inc. (HPI) (NYSE: HNP) has announced that an F-class gas-fired combined cycle generating unit (Unit 5, with gross capacity of 406 MW) of Tuas Power Limited, which is wholly-owned by HPI in Singapore, has recently commenced operation.
During 2013, the electricity market in Singapore has been facing much more fierce competition. The completion of Unit 5 will help maintain Tuas Power's competitive position in the market in Singapore.
To date, the HPI's total controlled generation capacity has increased to 66,747MW from 66,341 MW, and total equity-based generation capacity has increased to 59,561MW from 59,155 MW.
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