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国泰海通|建筑:雅下水电工程开工
国泰海通证券研究·2025-07-21 12:00

Core Viewpoint - The Yarlung Tsangpo River downstream hydropower project has officially commenced, with a total investment of approximately 1.2 trillion yuan, aiming to construct five tiered power stations and primarily focusing on power transmission and local consumption needs [1]. Group 1 - The groundbreaking ceremony for the Yarlung Tsangpo River downstream hydropower project took place on July 19 in Linzhi City, Tibet, attended by the State Council Premier who announced the official start of the project [1]. - The project will utilize a method of bending and straightening, along with tunnel water diversion, to develop the hydropower stations [1]. - The newly established China Yajiang Group Co., Ltd. aims to ensure the project becomes a century project with Chinese characteristics that withstands historical scrutiny [1].