Core Insights - The signing of the 8.5 billion yuan investment project for the State Grid New Source Liaoning Qingyuan Phase II Pumped Storage Power Station has been officially announced [1] - The project will have a total installed capacity of 1.2 million kilowatts and is expected to generate an annual electricity output of 2.409 billion kilowatt-hours [1] - Upon completion, the total installed capacity of pumped storage power stations in Qingyuan will reach 3 million kilowatts, making it the largest in Northeast China [1] Project Details - The project is located in Fushun City, Qingyuan Manchu Autonomous County, and is being constructed by State Grid New Source Group Co., Ltd [1] - It will consist of four reversible hydroelectric units, each with a capacity of 300,000 kilowatts [1] - Key components of the project include upper and lower reservoirs, a water conveyance system, an underground powerhouse, and a surface switch station [1] Current Progress - As of now, the project has completed the exploration and excavation of 1,176 meters of the main tunnel and 432 meters of the auxiliary tunnel, along with non-forest drilling in the lower reservoir [1] - The first phase of the Qingyuan pumped storage power station was fully operational and generating electricity as of January 16 of this year [1] Strategic Importance - The project will significantly enhance the peak regulation capacity of the Northeast power grid and support the achievement of carbon neutrality goals [1] - Qingyuan County will become one of the few county-level clean energy bases in China with a capacity of 3 million kilowatts [1]