[Huaneng Hydropower: plans to invest in Xizang Hydropower project]On May 30, 2023, Huaneng Hydropower held the 16th meeting of the third Board of Directors, deliberating and passing the Motion on the investment and construction of hydropower Station Project in Tibet, which intends to invest and construct hydropower station project in Tibet (hereinafter referred to as the project). The project was approved by the National Development and Reform Commission in April 2023. At present, the project technology is feasible, all conditions have been basically implemented, the project risk is controllable, and the project investment and construction conditions have been met. It is reported that the installed capacity of this project is 2.6 million kW, the annual average power generation is 11.281 billion KWH, the total construction time is 132 months (excluding the preparation period), calculated according to the price level in the third quarter of 2022, the total investment of the project is 58.381 billion yuan. Huaneng Hydropower said that this project investment is an important hub for the company to build a clean energy base in the Xizang section of Lancang River, and plays a significant role in giving full play to the advantages of cascade joint operation in the Lancang River basin, improving the utilization rate of cascade water energy and comprehensive power generation benefits. The economic indicators of the project construction are feasible, and the subsequent cooperation with other power supplies delivered to the clean energy base in Xizang section of the upper reaches of Lancang River is conducive to improving the company's core competitiveness in the market. Editor/Xu Shengpeng
In the first three quarters of 2026, the company's consolidated financial statements achieved a power generation of 360.257 billion kilowatt hours and an on grid electricity generation of 342.594 billion kilowatt hours, an increase of 3.15% year-on-year, with an average on grid electricity price of 380.30 yuan per kilowatt hour; In the third quarter, the completed power generation was 141.347 billion kilowatt hours and the on grid electricity was 134.722 billion kilowatt hours, a year-on-year decrease of 1.30% and 1.18% respectively, with an average on grid electricity price of 360.23 yuan/kWh. As of September 30, 2026, the company's controlled installed capacity was 132.0246 million kilowatts, with an additional installed capacity of 1.7334 million kilowatts in the third quarter.Editor/Gong Ziwei
On October 20, 2026, the first phase of the East Route of the South to North Water Diversion Project began the 2026-2027 full line water transfer. This is the earliest start of water diversion in the 14 year history of the East Route of the South to North Water Diversion Project. The annual plan for this water diversion project is to provide a net increase of 561 million cubic meters of water to Jiangsu Province, 42 million cubic meters of water to Anhui Province, and 665 million cubic meters of water to Shandong Province. The Taierzhuang pumping station of the Sulu inter provincial project plans to transfer 1.007 billion cubic meters of water to Shandong Province.Editor/Gong Ziwei