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 the river along vertical fractures, forming precipitous cliffs. When the river flows through areas of softer sandstone and shale, which have less resistance to erosion, the erosive effect is increased, carving wide valleys. There are different theories on how the Three Gorges were formed, but geographers and geologists have generally reached a consensus, believing mountain folding in the east of Sichuan Province and the west of Hubei Province, including the Wu Mountains (), were the outcome of the Yanshanian movement () around 70 million years ago. The gorges run from southwest to northeast, then turn, and from west to east,