特此公告。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、发行基本情况 华能澜沧江水电股份有限公司（以下简称公司）已于近日完成了2026年度第二期科技创新债券和第二期 绿色科技创新债券（乡村振兴）的发行，发行额分别为人民币10亿元、10亿元，发行利率分别为 1.58%、1.61%，期限分别为95天、177天，单位面值均为100元人民币。本次发行完成后，公司短期融 资券（含超短期融资券）余额为人民币76亿元，中期票据（含永续中票）余额为人民币160亿元。2026 年度第二期科技创新债券由中国银行作为牵头主承销商、农业银行作为联席主承销商，第二期绿色科技 创新债券（乡村振兴）由中国建设银行作为牵头主承销商、中国银行作为联席主承销商，通过簿记建 档、集中配售的方式在全国银行间债券市场公开发行，债券募集资金将用于偿还带息负债。债券发行的 有关文件已在中国货币网和上海清算所网站公告，网址分别为www.chinamoney.com.cn和 www.shclearing.com。 二、审批程序履行情况 公司2025年5月27日召开的2 ...

Core Viewpoint - The company is planning to invest in Henan Investment Group Co., Ltd. through its subsidiary, Xiantian Computing (Henan) Technology Co., Ltd., which will serve as the acquisition entity for Zhengzhou Heying Data Co., Ltd. [1] Group 1 - The company intends to make a minority investment in Xiantian Computing, with an expected capital increase not exceeding 1.4 billion yuan and a stake of up to 49% [1] - The investment is currently in the planning stage, and the acquisition of the target company has not yet been completed [1] - The company does not have plans to acquire related targets within the next 36 months and will not participate in the specific operations of the target company during the investment period [1]

Core Viewpoint - The completion of the China-Laos 500 kV interconnection project marks a new phase in energy cooperation between China and Laos, with both sides working towards synchronized operation by April [1][2]. Group 1: Project Overview - The China-Laos 500 kV interconnection project connects Yunnan Province in China with Udomxay and Luang Namtha Provinces in Laos, comprising a 145 km section in China and a 32.5 km section in Laos, making it the largest and highest voltage cross-border power grid project between the two countries [2]. - The project is a joint venture between China Southern Power Grid Company and the Laos National Electricity Company, established to invest in and construct the Laos section [2]. Group 2: Project Significance - Once completed, the project will have a bi-directional power transmission capacity of 1.5 million kW and will deliver approximately 3 billion kWh of clean electricity annually, significantly enhancing Laos' grid regulation and supporting the development of clean energy and industrial projects [3][4]. - The project aims to lay a foundation for the stability of Laos' electricity supply and regional economic development, particularly as local industrial electricity demand is expected to increase with the establishment of new factories [4]. Group 3: Construction Challenges and Solutions - The construction faced challenges due to Laos' mountainous terrain and tropical rainforest, which limited the effective construction window during the long rainy season [4]. - The construction team adapted by adjusting the construction schedule and employing innovative foundation designs to ensure the project progressed smoothly despite the complex geological conditions [4]. Group 4: Environmental and Community Considerations - The project emphasizes ecological protection and community welfare, with efforts made to avoid sensitive ecological areas and minimize impacts on biodiversity and local communities [4]. - New compact towers and local plant species for landscaping in substations were prioritized to enhance environmental sustainability [4]. Group 5: Local Workforce Development - Over 500 local employees have been hired for the project, with bilingual safety training and practical skills training provided to enhance their professional capabilities [5][6]. - The project aims to cultivate local operational and maintenance talent to ensure the sustainable development of Laos' electricity sector [6].

《意见》指出，一要推动电力资源在全国范围内优化配置，优化全国统一电力市场体系实现路径，完善 跨省跨区电力交易制度。二要健全电力市场各项功能，全面建设更好发现价格、调节供需的现货市场， 持续完善保障电力安全稳定供应的中长期市场，加快建设支撑电力系统灵活调节的辅助服务市场，完善 更好实现环境价值的绿色电力市场，建立可靠支撑调节电源建设的容量市场，打造规范有序、便捷高效 的零售市场。三要促进各类经营主体平等广泛参与电力市场，进一步推动发电侧、用户侧和新型经营主 体参与电力市场。四要构建全国统一的电力市场制度体系，统一电力市场规则体系，健全电力市场治理 体系，完善电价形成机制，统一电力市场技术标准，建立全国统一的电力市场信用制度。五要强化政策 协同，加强电力规划与电力市场的衔接协同，加强应急处置与风险防控体系建设，建立电力市场评价制 度。 （文章来源：经济日报） 据新华社北京2月11日电日前，国务院办公厅印发《关于完善全国统一电力市场体系的实施意见》（以 下简称《意见》）。 ...

本报记者 杜雨萌 2月11日，国务院办公厅印发《关于完善全国统一电力市场体系的实施意见》（以下简称《意见》）。 《意见》提出，到2030年，基本建成全国统一电力市场体系，各类型电源和除保障性用户外的电力用户 全部直接参与电力市场，市场化交易电量占全社会用电量的70%左右。到2035年，全面建成全国统一电 力市场体系，市场功能进一步成熟完善，市场化交易电量占比稳中有升。 "近年来，党中央和国务院对纵深推进全国统一大市场建设、加快构建新型电力系统等提出新的要求， 电力生产方式、消费模式、产业结构发生了巨大变化，新能源占比不断提升、新模式新场景加速形成， 经济发展和人民生活对用电成本和可靠性提出更高需求，这些都对电力市场提出了新挑战，迫切需要以 改革创新手段进一步完善电力市场体系。"国家发展改革委有关负责人表示，《意见》站在新的历史起 点上，围绕新形势新情况新要求，对未来5年至10年完善全国统一电力市场体系的重点任务进行了安排 部署。 从内容上看，《意见》着重部署了推动电力资源在全国范围内优化配置、健全电力市场的各项功能、促 进各类经营主体平等广泛参与、构建全国统一的电力市场制度体系、强化政策协同等5方面19项重点 ...

Core Viewpoint - The Chinese government has issued an implementation opinion to improve the national unified electricity market system, aiming for a market where all types of power sources and non-essential users participate directly by 2030, with market transactions accounting for approximately 70% of total electricity consumption [1][2]. Group 1: Optimization of Electricity Market System - The opinion proposes a transition from "individual pricing and trading" to "unified pricing and joint trading" across different market levels, exploring feasible ways for adjacent provincial markets to voluntarily unite or integrate [2]. - Specific requirements for the connection mechanisms between different market categories, including spot, medium to long-term, ancillary services, and capacity markets, have been outlined [2]. Group 2: Cross-Provincial and Cross-Regional Trading - The opinion emphasizes the normalization of cross-grid market transactions, increasing the scale of cross-provincial and cross-regional power transmission, and enhancing the proportion of clean energy delivery [2]. - It aims to promote nationwide interconnectivity of the electricity market and facilitate a large-scale circulation of electricity resources [2]. Group 3: Capacity Market and Renewable Energy Participation - The establishment of a capacity market is proposed to support coal power, pumped storage, and new energy storage resources in facilitating high proportions of renewable energy consumption [2]. - The opinion outlines differentiated market entry paths for various forms of renewable energy projects, including distributed energy and large-scale renewable bases, to better meet the needs of export-oriented and foreign-funded enterprises [2]. Group 4: Participation of Private Enterprises - Measures are proposed to encourage private enterprises, particularly in new energy storage, virtual power plants, and smart microgrids, to flexibly participate in market transactions [3]. - The opinion aims to gradually enable all electricity users, except for essential users, to participate directly in the electricity market, moving beyond the current model where small and medium-sized commercial users only accept market prices [3].

Core Viewpoint - The State Council's recent implementation opinion aims to establish a unified national electricity market by 2030, with market-based transactions accounting for approximately 70% of total electricity consumption, and full establishment by 2035 [1][2]. Group 1: Development Goals and Key Tasks - By 2030, the goal is to have a unified electricity market system with market transactions reaching 70% of total electricity consumption [1]. - The implementation opinion outlines 19 key tasks across five areas, including establishing a capacity market and enhancing participation from private enterprises in the electricity market [1][2]. Group 2: Market Structure and Participation - The opinion emphasizes breaking down market barriers and promoting equal participation from various entities, with over 1.09 million registered market participants, a 22-fold increase since 2015 [4]. - New models and industries are emerging, with significant investments in new energy storage and virtual power plants, indicating a shift in the operational dynamics of the electricity market [4][5]. Group 3: Energy Demand and Supply Dynamics - The average annual increase in electricity demand is projected to be around 600 billion kilowatt-hours during the 14th Five-Year Plan, driven by new energy vehicles and green hydrogen production [2]. - By 2030, the installed capacity of renewable energy is expected to exceed 50%, with a system penetration rate of over 30% [2]. Group 4: Market Mechanisms and Support Structures - The opinion calls for the establishment of a reliable capacity compensation mechanism to support essential resources like coal, pumped storage, and new energy storage [3]. - The goal is to have a formal spot market operational by 2027, enhancing the reliability of the electricity supply system [3]. Group 5: International Standards and Green Energy - The opinion aligns with international standards by proposing measures for inter-provincial green electricity trading and long-term green electricity contracts, catering to the needs of export-oriented and foreign enterprises [6]. - The electricity market is expected to stabilize energy costs while enhancing the global competitiveness of Chinese enterprises [6].

开通职创成果孵化快车道。建立职工技术创新"1+3+N"制度保障体系，打造"吉结号"职工创新管理平 台，强化职创项目全周期管理，基层58个创新工作室辐射带动8530名职工投入创新创效实践，累计产出 优秀职创成果225项。开通职创成果应用快车道。牵头省内58家能源企业和科研院校组建创新联盟联合 创新攻关，以产业链优势互补、人才链互动对接、创新链深度融合为方向，开展职工创新"四技五小两 比"活动，面向"省内企业、国网公司、吉林电力"转化创新成果39项。开通职创成果激励快车道。构 建"线上+线下"成果转化模式，形成省、市、县三级"人、财、物"支撑保障体系，公司2025年成果转化 销售额1.12亿元，其所属松原公司两项成果累计转化销售额1亿元。（刘欣阳） 广 告 （来源：工人日报） 2025年，国网吉林省电力有限公司通过开通职创成果孵化快车道、职创成果应用快车道和职创成果激励 快车道，进一步激发广大一线职工创新创效热情。 ...

Core Viewpoint - The Chinese government has issued an implementation opinion to improve the national unified electricity market system, aiming for a market where all types of power sources and non-essential users participate directly by 2030, with market transactions accounting for approximately 70% of total electricity consumption [1] Group 1: Key Tasks and Innovations - The opinion outlines 19 key tasks focused on optimizing the allocation of electricity resources nationwide, enhancing market functions, promoting equal participation of various operators, establishing a unified market system, and strengthening policy coordination [1] - It emphasizes the transition from "individual pricing and trading" to "unified pricing and joint trading" across different market levels, exploring voluntary integration of adjacent provincial markets [2] - The establishment of a capacity market is proposed to support coal, pumped storage, and new energy storage resources, which are crucial for accommodating high proportions of renewable energy [2] Group 2: Participation of Private Enterprises - The opinion encourages greater participation of private enterprises in the electricity market, particularly in new energy storage, virtual power plants, and smart microgrids, with measures to facilitate their flexible market engagement [3] - It aims to enable all electricity users, except for essential users, to participate directly in the electricity market, moving away from the current model where small and medium-sized commercial users only engage indirectly through grid purchases [3]

Core Viewpoint - Huaneng International Power Co., Ltd. has announced a significant investment decision to construct a wind power project in Inner Mongolia with a total installed capacity of 2 million kilowatts, aligning with the national "dual carbon" strategy and optimizing its power generation structure [1] Investment Details - The total investment for the wind power project is approximately 12 billion RMB [1] - The project is expected to generate an average annual electricity output of 4 billion kilowatt-hours, which is equivalent to saving about 1.2 million tons of standard coal and reducing carbon dioxide emissions by approximately 3.2 million tons [1] - Preliminary work for the project is planned to start in the third quarter of this year, with the goal of achieving grid-connected power generation for the first batch of units by the end of 2025 [1] Impact on Company and Local Economy - This investment will significantly enhance the company's installed capacity and profitability in the clean energy sector, positively impacting its future performance [1] - The project will also contribute to the energy structure transformation and socio-economic development in Inner Mongolia [1] - The company has committed to strictly adhering to relevant laws and regulations during the project construction to ensure investment efficiency and engineering safety [1]