Huadian Group will take a 48% stake in the project.
Reuters reports that China approved the $4.6b hydropower project in Sichuan and Tibet, which has a total installed capacity of 2,000MW.
The Lawa project will be based on the upper reaches of the Jinsha river.
Huadian Group will take a 48% stake in the project, with minority stakes held by provincial firms.
Read the full report here.