[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

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• 2024.04.18 17:37
• [Vale achieves 100% renewable energy in Brazil]
• Brazilian mining giant Vale disclosed on the 15th local time that by 2023, all of its electricity in Brazil will come from renewable energy sources, such as hydro, wind and solar energy, and Vale has reached its goal of "achieving 100% renewable energy supply in Brazil" two years ahead of schedule. Vale's latest Comprehensive Report 2023 says that with this goal, Vale has eliminated all indirect greenhouse gas emissions generated by the company in Brazil. The company is still faced with the challenge of achieving 100 percent renewable energy supply worldwide by 2030, which is now 88.5 percent achieved. "This is an important milestone in Vale's decarbonisation strategy, which aims to reduce direct and indirect CO2 emissions by 33% by 2030 and achieve net zero emissions by 2050." Ludmila Nascimento, Director of Energy and Decarbonization at Vale, said that Vale is committed to helping Brazil develop clean energy and contribute to society's response to climate change. Editor/Xu Shengpeng

• 2024.04.18 17:37
• [Kazakhstan has signed a deal with Russia to build seral coal-fired power plants]
• Kazakhstan has signed an intergovernmental agreement with Russia to build coal-fired power plants in three Kazakh capitals, according to the press service of the Ministry of Energy. "The Ministry of Energy of Kazakhstan and the Ministry of Energy of the Russian Federation signed a cooperation agreement on the construction of coal-fired power plant projects in the cities of Kirkshetak, Semyi and Ustykamenogorsk," the press release said. "Considering the abundant thermal coal reserves, the implementation of coal-fired power plant projects in the three capitals will be a strong driver of urban development," Kazakh Energy Minister Almazadem Satkaliyev said. Editor/Xu Shengpeng