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
Gorges State Park recovered from the interference of man to provide a thriving and unique habitat. One of the most damaging interferences to the Gorges environment occurred in 1916 when the dam containing Lake Toxaway broke. Record amounts of water gushed southward down the Toxaway River, destroying the communities in its path, scouring the gorges and leaving piles of debris 15 to high. Following the flood, local citizens eventually sold large land tracts in the Gorges to Singer Sewing Machine Company, which logged most of the land. Then, in the 1940s and 1950s, Singer sold the land to Duke Energy Corporation. The corporation