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 by 190 million tonnes, sulfur dioxide by 2.29 million tonnes, and nitrogen oxides by 980,000 tonnes. The dam increased the Yangtze's barge capacity sixfold, reducing carbon dioxide emission by 630,000 tonnes. From 2004 to 2007, a total of 198 million tonnes of goods passed through the ship locks. Compared to using trucking, barges reduced carbon dioxide emission by ten million tonnes and lowered costs by 25%. Two hazards are uniquely identified with the dam. One is that sedimentation projections are not agreed upon, and the other is that the dam sits on a seismic fault. At current levels, 80% of