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 from the dam to the main urban area of Chongqing by 2020. However, the municipal government explained that the relocation is due to urbanization, rather than the dam, and people involved included other areas of the municipality. Allegedly, funds for relocating 13,000 farmers around Gaoyang disappeared after being sent to the local government, leaving residents without compensation. The long reservoir flooded some 1,300 archaeological sites and altered the appearance of the Three Gorges as the water level rose over . Cultural and historical relics are being moved to higher ground as they are discovered, but the flooding inevitably covered undiscovered