Huaneng Power Gets Bigger Odds to Buy Singaporean Powerhouse

Thursday, January 10, 2008; Posted: 05:21 AM

SINGAPORE, Jan 10, 2008 (SinoCast via COMTEX) -- HNP | news | PowerRating | PR Charts -- China's power generator Huaneng Power International Co., Ltd. (SHSE: 600011, SEHK: 0902) is on the list of the six potential buyers of Tuas Power Ltd., the biggest one of the three Singapore's power plants on sale, after the first round selection.

Temasek Holdings Pte Limited, the investment arm of the Singaporean Government, opens bids for local three power generation companies while prices each at USD 2 billion. It expects to sell out Tuas Power before March 2008 and sell out the other two, Senoko Power and Power Seraya, before the end of the first half of 2009.

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