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 with terrain lowering gradually from south to north. The western and eastern parts of the area, between the southern mountains and Bashan Mountain (), in the north, are comparatively lower; and in the past, the river flowed to the east through the region. As the crust of the locality continued to rise, the river's erosion intensified, and the Three Gorges were carved. The natural beauty of the Three Gorges along the Yangtze River has been appreciated for hundreds of years. In the Northern Wei (北魏) dynasty, Li Daoyuan (郦道元) described them in his work "Shui Jing Zhu" (水经注), or the