The China Three Gorges Project Corporation was founded on September 27, 1993 with the approval of the State Council. On September 27, 2009, it was renamed the China Three Gorges Corporation (CTG). CTG positions itself as a clean energy group focusing on large-scale hydropower development and operations. Its businesses cover the construction, international investment and contracting, development of wind power and solar energy among other renewable energies, comprehensive development and utilization of water resources, as well as provision of relevant professional technical services. After more than 20 years of rapid growth, CTG has become the largest hydro-power development enterprise worldwide and the biggest clean energy group in China.
By 2017, CTG’s consolidated installed capacity had reached approximately 70,000 megawatts (MW), and the total installed capacity, including capacities that were commissioned, under construction, and on a minority-equity basis, had reached 124 gigawatts (GW). Specifically, renewable clean energy accounts for 99 percent of the total mix, while the consolidated hydropower capacity represents 16 percent of the total installed capacity of hydro in China.
CTG assumed overall responsibility for the construction and operation of the Three Gorges Project. After two decades of effort, the preliminary design and construction work of the project was completed as scheduled in 2009. The trial operation of the ship lift began in September 2016.
Upon authorization by the State, CTG developed, constructed and operated four world-class large cascade hydropower stations on the lower reaches of the Jinsha River. CTG also focused its efforts on wind power, solar power, and other new energy sources as its second principal business, and strove to lead the development of offshore wind farms. In addition, CTG kept in step with the Belt and Road Initiative and actively upgraded the “going global” plan of the Chinese hydropower industry. Its overseas investment and contracting business has expanded to over 40 countries and regions in Europe, the Americas, Africa and Southeast Asia, with a total installed capacity of over 15 GW. Overseas business has offered a major impetus for the sustainable growth of CTG.
As a central SOE, CTG fulfilled all due social responsibilities. In addition to flood control, water resource preservation, energy saving, emission reduction and other ecological benefits expected from a cascade development, CTG pursued social and economic benefits as well through engineering or technical measures and scientific regulation. Besides, CTG maintained an active presence in the fields of targeted poverty alleviation, and provided assistance to Xinjiang and Tibet, among other areas. CTG also coordinated hydropower development with efforts to provide material benefits to resettled local populations, protect the ecological environment, and promote local economic and social progress, so as to share the achievements of reform and development with a larger population.
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