|The General Manager's Address|
China is a country with abundant hydropower resources, while Sichuan Province ranks in the first place. Yalong River Hydropower Development Company, Ltd. (Yalong Hydro) is committed to supplying clean and renewable energy in support of the economic and social development of Sichuan-Chongqing region and the country’s other areas by development of the hydropower resources of the Yalong River in Sichuan.
In the early 1990s, we started with the 3,300MW Ertan Hydroelectric Project, the first hydro project built on the Yalong and China’s largest one completed in the 20th century. As a project partly financed by the World Bank and constructed by joint ventures sponsored by international contractors, Ertan applied international standards in many areas, such as project management, environment management, and rehabilitation of resettled residents. The high starting point pre-determined a higher goal for the company.
Rapid economic growth and social advancement have created more pressing demand on energy. After successful completion of Ertan, Yalong Hydro continued its tasks of building the other hydro schemes on the Yalong River. In 2003 we were officially authorized by the Central Government to be fully responsible for hydro-energy development of the entire river. Over the last decade, a 2,400MW power station named Guandi was substantially completed, and a number of large units at the power stations of Jinping-I and Jinping-II were put into operation. By the end of 2013, our total generation capacity exceeded 10GW. Our target for the next two decades is to complete all the planned 21 cascade projects, building the company’s total generation capacity up to 30GW and bringing the company into the line of world-recognized hydropower producers.
During the development process, we will stick to the disciplines for sustainable development, properly combine hydropower development with environment protection, and make the Yalong valley into a picturesque and economically and socially developed region.
As a company growing on the basis of international cooperation, Yalong Hydro is readily open to the world. We welcome any form of international input and cooperation.