China Three Gorges Corporation with 3,050 MW under construction or development. As of the end of 2013, CTG had business in 37 countries and regions, with 84 ongoing international construction and investment projects. In December 2011, China Three Gorges Corporation acquired a 21.35% Portuguese government's stake in "Energias de Portugal" for €2.69 billion. In December 2011 China Three Gorges Corporation paid HK$2.1 billion (US$270 million) for a 29% stake in China Power New Energy Development. 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
Three Gorges Dam flood. In 1954, the river flooded , killing 33,169 people and forcing 18,884,000 people to move. The flood covered Wuhan, a city of eight million people, for over three months, and the Jingguang Railway was out of service for more than 100 days. The 1954 flood carried of water. The dam could only divert the water above Chenglingji, leaving to be diverted. Also, the dam cannot protect against some of the large tributaries downstream, including the Xiang, Zishui, Yuanshui, Lishui, Hanshui, and the Gan. In 1998, a flood in the same area caused billions of dollars in damage; of farm