China Three Gorges Corporation China Three Gorges Corporation The China Three Gorges Corporation (CTG, ) is a Chinese state-owned power company, established on 27 September 1993. The company was responsible for construction of the Three Gorges Dam-project, the world largest hydroelectric power plant, that went into operation in 2008. In September 2002, CTG established the subsidiary company China Yangtze Power, which took over operations and management of Gezhouba and Three Gorges dams. CTG is one of the world's largest energy companies with total assets of RMB 475.5 billion (app. USD 77.3 billion) in 2014. Apart Gezhouba and Three Gorges CTG operates and develops more
Three Gorges Dam government estimated that the Three Gorges Dam project would cost 180 billion yuan (US$22.5 billion). By the end of 2008, spending had reached 148.365 billion yuan, among which 64.613 billion yuan was spent on construction, 68.557 billion yuan on relocating affected residents, and 15.195 billion yuan on financing. It was estimated in 2009 that the construction cost would be recovered when the dam had generated of electricity, yielding 250 billion yuan. Full cost recovery was thus expected to occur ten years after the dam started full operation, but the full cost of the Three Gorges Dam was recovered by December