The National Development and Reform Commission and the National Energy Administration issued the “Fifteenth Five-Year Plan” for the Construction of New Power Systems. The plan proposes to scientifically optimize the construction plan and timing of pumped storage power plants, vigorously and orderly promote project approval and construction within the plan, continuously strengthen project scheduling, monitoring and dynamic adjustment, and optimize the layout of medium- to long-term projects. Promote the construction of a number of pumped storage power plants participating in regional regulation, and improve the market mechanism for pumped storage power plants to participate in regional regulation through inter-provincial transactions. By 2030, the installed capacity of pumped storage power plants nationwide will reach about 160 million kilowatts.

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