Based on the fluidity, strength, heat of hydration and loop crack resistance experiment of multi-powder paste, the components and proportion of multi-powder were optimized and the concrete properties were studied. The multi-powder consists of limestone powder, slag, fly ash and moderate heat Portland cement (PMH cement). The results show that the compressive strength of the multi-powder paste and mortar is close to those of PMH cement, fly ash paste and mortar currently used in dam concrete, yet the flexural strength is relatively higher. The multi-powder paste is featured by larger fluidity, lower heat of hydration and delayed cracking time. In comparison, less unit water consumption and cement is used in multi-powder concrete, and under premise of equal mechanical performance, deformation, thermal performance and durability, the adiabatic temperature rise at 28 d is reduced by 2 ℃. In this way, the crack resistance is improved and it is feasible both technically and economically to produce HPC for dam concrete.