Huaneng Lancang River Hydropower Inc. (600025.SH) disclosed its power generation performance for the first three quarters of 2025. As of September 30, 2025, the company completed power generation of 96.266 billion kWh in the first three quarters of 2025, representing a year-over-year increase of 11.90%. Grid-connected power generation reached 95.490 billion kWh, up 12.02% year-over-year.
According to the announcement, the main reasons for the year-over-year increase in power generation during the first three quarters of 2025 include: First, the significant expansion of new energy installed capacity, with TB Hydropower Station and Hardliangbao Hydropower Station achieving full capacity operation, contributing to increased power generation year-over-year. Second, water inflow at the Nuozhadu section of the Lancang River basin during the first three quarters was 9% above normal levels, and the company maximized power generation during the main flood season to accelerate the release of hydropower storage capacity. Third, West-to-East power transmission increased year-over-year.
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