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 the land in the area is experiencing erosion, depositing about 40 million tons of sediment into the Yangtze annually. Because the flow is slower above the dam, much of this sediment will now settle there instead of flowing downstream, and there will be less sediment downstream. The absence of silt downstream has three effects: Erosion in the reservoir, induced by rising water, causes frequent major landslides that have led to noticeable disturbance in the reservoir surface, including two incidents in May 2009 when somewhere between of material plunged into the flooded Wuxia Gorge of the Wu River. Also, in the