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 1947. After the 1949 Communist takeover, Mao Zedong supported the project, but began the Gezhouba Dam project nearby first, and economic problems including the Great Leap Forward and the Cultural Revolution slowed progress. After the 1954 Yangtze River Floods, in 1956, Mao Zedong authored "Swimming", a poem about his fascination with a dam on the Yangtze River. In 1958, after the Hundred Flowers Campaign, some engineers who spoke out against the project were imprisoned. During the 1980s, the idea of a dam reemerged. The National People's Congress approved the dam in 1992: out of 2,633 delegates, 1,767 voted in favour,