With the accelerated promotion of the electric power market-oriented reform, combined with the complex and changeable market situation and the impact of COVID-19, CYPC is facing great challenges in both hydropower consumption and electricity sales revenue. In order to give full play to its main force role in ensuring the energy supply as the Pillars of a Great Power, CYPC Sales Company rose to the challenges, made every effort, and finally successfully signed the five-year medium- and long-term electricity purchase and sales contracts with Three Gorges HPP, Xiluodu HPP, Xiangjiaba HPP and Wudongde HPP. This also provides a guarantee for the continuous and stable improvement of the company's economic benefits and high-quality development.
The giant hydropower involved in this medium- and long-term contract can provide over 200 TWh of clean energy annually, which is equivalent to saving about 61.28 million tons of standard coal and reducing carbon dioxide emissions by about 167.6 million tons; Based on an assumption that every KWh of electricity produces GDP of RMB 13.8, it can contribute to China's GDP of more than RMB 2.76 trillion, producing huge environmental and economic benefits.