A novel energy dissipation blasting technique based on water coupling is proposed to explore new methods for rapid excavation of spillway protection layers in hydropower stations under relatively intact hard rock conditions. This method specifically addresses the excavation requirements of the Nam Kong 1 Hydropower Station spillway in Laos. By increasing borehole pressure, the technique generates stronger stress, which is advantageous for excavating hard rock formations. Simulation analysis using LS-DYNA software demonstrates that coupling water-charged explosives with a blocked borehole bottom amplifies the peak load on the borehole walls and extends the explosive load duration, thereby improving the fragmentation of harder rock at the borehole bottom. Results indicate that the combination of bottom-hole blockage and water-coupled charges increases lateral damage depth and prolongs load application time, thus achieving more effective excavation and formation in relatively intact hard rock. Comprehensive evaluations based on numerical simulations and field test parameters confirm that this approach significantly improves the quality of excavation and formation of the first-stage stilling basin floor in practical engineering applications.