The Maerdang Hydropower Station, the highest-altitude facility of its kind with the largest installed capacity in the Yellow River basin, is set to become fully operational on Tuesday.
Located at an average altitude of 3,300 meters in Hainan Tibetan Autonomous Prefecture in Qinghai of northwest China, the station has a total installed capacity of 2.32 million kilowatts, comprising four 550,000-kilowatt hydropower generating units and one 120,000-kilowatt unit. Its first unit was already connected to the state grid in April this year.
Final tests on the station's No.2 unit were carried out on Monday to make sure the unit is ready for commissioning. The hydropower station is expected to generate an average of 7.3 billion kWh of electricity annually, offsetting the consumption of 2.22 million tons of standard coal and the emission of 8.16 million tons of carbon dioxide per year.
The project marks a milestone in Qinghai's new energy development and will facilitate the establishment of more clean energy bases in the upper reaches of the Yellow River.
High-altitude hydropower station to begin full operation
U.S. stocks closed mixed on Friday as investors weighed a favorable cooling in consumer inflation against the artificial intelligence (AI) anxieties.
The Dow Jones Industrial Average edged up 0.1 percent to 49,500.93. The Standard and Poor's 500 rose 0.05 percent to 6,836.17, while the Nasdaq Composite Index shed 0.22 percent to 22,546.67.
Data released by the U.S. Bureau of Labor Statistics offered some optimism for the Federal Reserve's disinflationary efforts.
The consumer price index rose 0.2 percent month on month in January, bringing the annual inflation rate down to 2.4 percent, the slowest pace of increase since May. Core inflation, which excludes food and energy costs, fell to 2.5 percent year over year.
Major tech leaders, including Nvidia, Apple, Alphabet and Meta, recorded losses exceeding 1 percent as investors reassessed valuations amid fears that new generative tools could soon render certain white-collar functions obsolete.
On the corporate earnings front, Coinbase soared 16.46 percent as the company reported improved subscription and service revenue despite recent volatility in the digital asset market.
In the bond market, the yield on the 10-year U.S. Treasury bond eased to 4.05 percent as the market balanced positive inflation progress against broader economic uncertainty.
U.S. stocks close mixed amid cooler inflation data
