In the evening of December 1st,

In September 27, 2010, the company signed a cooperation framework agreement with EuroSibEnergo. On this basis, in November 25, 2010, the two sides signed the "placing agreement" and the "cooperation agreement on the joint development of Russian power generation projects and sending electricity to China and Russia". The Yangtze River electric power will be the cornerstone investor to participate in the initial public offering of EuroSibEnergo in Hongkong.

Changjiang electric power is currently China's largest hydropower listed company, mainly engaged in hydropower business, and its controlling shareholder is China Three Gorges Corporation.

EuroSibEnergo is Russia's second largest hydropower company, the fourth largest power company and Russia's largest private power company. Its controllable installed capacity of 19 million 460 thousand kilowatts has been put into operation, of which 15 million kilowatts of hydropower and 4 million 460 thousand kilowatts of thermal power.

Russia is rich in hydropower resources and is mainly distributed in Siberia and Far East, but its development and utilization are relatively low.

The two big companies join forces to meet the development strategy of Changjiang Electric Power, which is conducive to the expansion of the company's scale, further enhancing the competitiveness of the company and contributing to the long-term development of the company.

Some analysts believe that the Yangtze River electric power is actively investing in order to avoid fluctuations in the performance of hydro power.

At present, investment income has become an important source of profits for the Yangtze River.

The latest financial data show that in the first three quarters of 2010, the company achieved a revenue of 17 billion 400 million yuan, and realized a net profit of 7 billion 160 million yuan attributable to shareholders of listed companies, of which the investment income was 710 million yuan.