Huang Yongda Visited Huaneng OzGen B.V. for Market Survey

From April 19 to 24, Huang Yongda, Secretary of Huaneng Committee and Vice President, visited Huaneng OzGen B.V. in Australia and surveyed the Australian energy market. While in OzGen office, he convened a workshop and expressed his sincere appreciation to the OzGen staff for their hard work and contribution.

After listening to the introduction of OzGen B.V. and InterGen B.V. on the overall business strategy, power trading, risk management, and new project development, etc, Huang Yongda spoke highly of the great efforts made by the management team and all staff of OzGen B.V. and InterGen B.V. in recent years.

At the workshop, Huang Yongda pointed out that OzGen was the first overseas cooperation project between China Huaneng Group and a foreign power company, and that the generating units had maintained safe and stable operation, and yielded good returns. As to the next step of OzGen B.V., Huang Yongda put forward the following specific requirements: firstly, continuously enhance reliability and availability of the generating units, and take effective measures to ensure the generating units running safely and stably; secondly, abide by the power market rules, proactively deal with the increasingly competitive market environment, and constantly improve its competitiveness by optimizing assets portfolio; thirdly, further increase economic benefit and reduce operational cost by further strengthening production and operational management, and improving market trading capability. Huang Yongda also spoke highly of the cooperation between Huaneng and InterGen on the OzGen project, and expressed his hope that InterGen would actively respond to the current market change, constantly explore new development areas and seize the growth opportunities. After the workshop, Huang Yongda toured the OzGen office.

During his stay in Australia, Huang Yongda visited Mr. McArdle, Queensland Minister for Energy and Water Supply. Huang Yongda expressed his acknowledgement to the support of the Queensland state government since China Huaneng Group’s acquisition of OzGen B.V., as well as concerns about the cost influence on OzGen project caused by Australian government’s carbon tax, and hoped that the two parties could make further and deeper cooperation in the energy area.

Huang Yongda also visited Dr. Sun Dali, Consul-General of the People’s Republic of China in Brisbane, discussing issues about Sino-Australia relations, and investment environment in Australia etc.

Huang Yongda also visited the Australian Energy Market Operator (AEMO) and learnt about the Australian electricity market as well as the potential impact on power load caused by the new environmental protection policies.