China Yangtze Power Approves RMB 8.26B Pumped Storage Project in Henan

2025-03-02 22:23:05

China Yangtze Power Approves RMB 8.26B Pumped Storage Project in Henan

February 19 – China Yangtze Power Co., Ltd. (CYPC) announced its board's approval for the HouSihe Pumped Storage Power Station project in Gongyi City, Henan Province, with total investment capped at RMB 8.264 billion (USD 1.14B).

Project Specifications

Parameter	Value	Technical Significance
Installed Capacity	1,200MW (4×300MW units)	Equivalent to 1.2 nuclear reactors
Daily Generation	6h full-load operation	1.559B kWh annual output
Cycle Efficiency	75%	Industry-leading round-trip performance
Unit Cost	RMB 5,896/kW	12% below national average

Strategic Timeline

2029 Q3: First unit synchronization
2030 Q2: Full commercial operation

Grid Stabilization Functions

► Peak shaving for 8GW renewable clusters
► Frequency regulation (±0.2Hz precision)
► Black start capability within 10 minutes

Capital Structure

Total Investment: RMB 8.264B
Equity Ratio: 20% (RMB 1.653B)
Debt Financing: RMB 6.611B (10-year loan at LPR-50bps)

Technical Highlights

Vertical single-stage Francis turbines (600rpm)
400kV GIS substation integration
AI-powered dispatch system

Market Context

China's 2025 pumped storage target: 62GW → Current capacity: 45GW
Henan Province renewable curtailment rate: 6.7% (2023) → Projected 3.2% post-2030

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