A · Important
[Yuneng Holdings: Unit 1 of Henan Lushan Pumped Storage Power Station Project is put into operation] On August 31, Yuneng Holdings (001896.SZ) announced that Unit 1 of the Henan Lushan Pumped Storage Power Station Project (planned installed capacity 4 × 325,000 kilowatts) invested and constructed by the company's subsidiary Lushan Yuneng Pumped Storage Co., Ltd. completed a 15-day assessment trial operation, met the power grid operation and dispatch requirements, and was successfully put into operation. The commissioning of Unit 1 of the project marks a phased progress in the company's pumped hydro energy storage construction, which will expand the scale of installed power capacity in service, optimize the asset structure, and enhance core competitiveness. Units 2, 3, and 4 are still under construction, and there is uncertainty about the impact of factors such as capacity price settlement and power spot market on the economic benefits of the project after they are put into operation.
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