Core Viewpoint - The launch of the Yarlung Tsangpo River downstream hydropower investment presents significant investment opportunities due to its large gradient and long-distance transmission requirements [1][2][3] Group 1: Construction Capacity and Investment Scale - The Yarlung Tsangpo downstream hydropower project has a construction capacity of approximately 60-70 million kilowatts, equivalent to three Three Gorges projects. The total investment for the project is around 1.2 trillion yuan, comparable to six Three Gorges projects, indicating a substantial boost to the hydropower industry chain [1] Group 2: Gradient and Equipment Investment Intensity - The hydropower resources in the Yarlung Tsangpo River are abundant, with a water level drop of over 2000 meters within a 50-kilometer straight distance in the major bend area. The overall project is expected to have a water level drop of 2300-2400 meters, which is 20 times that of the Three Gorges project. This significant gradient will increase the requirements for project design, construction, and turbine generator specifications, leading to higher investment intensity in related sectors [2] Group 3: Long-Distance Transmission and Grid Investment - The Yarlung Tsangpo hydropower project will primarily focus on power transmission to distant regions, with a maximum transmission distance of 2500-3000 kilometers, which is 2-3 times that of the Three Gorges project. This extended transmission distance is expected to stimulate investment in related grid sectors [3]