Three Gorges Dam 20, 2013. Funding sources include the Three Gorges Dam Construction Fund, profits from the Gezhouba Dam, loans from the China Development Bank, loans from domestic and foreign commercial banks, corporate bonds, and revenue from both before and after the dam is fully operational. Additional charges were assessed as follows: Every province receiving power from the Three Gorges Dam had to pay ¥7.00 per MWh extra. Other provinces had to pay an additional charge of ¥4.00 per MWh. The Tibet Autonomous Region pays no surcharge. Power generation is managed by China Yangtze Power, a listed subsidiary of China Three Gorges Corporation
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,