China Three Gorges Corporation

Business

Apart from Gezhouba and the Three Gorges Dam, CTG operates and develops other hydroelectric projects on the Yangtze River - Xiangjiaba Dam, Xiluodu Dam, Baihetan Dam (the world's second largest hydroelectric power plant) and Wudongde Dam. By the end of 2014 CTG had 46.3 GW of total hydropower installed capacity in China and over 28 GW of total installed capacity under construction or development.

CTG started to develop wind power in 2007 and also entered the solar power industry in 2011. By 2014, it had 31 wind power projects in operation and additionally 33 under construction or development. It also had 37 solar power projects in operation and 18 under construction or development. Total installed capacity at the time was 3,707 MW in operation, 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 Yangtze River Three Gorges Corporation is involved in developing, building, and operating hydroelectric power facilities in Brazil.

U.S. sanctions

In August 2020, the United States Department of Defense published the names of companies with links to the People's Liberation Army operating directly or indirectly in the United States. CTG was included on the list. In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included CTG. In January 2024, the United States Department of Defense named CTG on its list of "Chinese Military Companies Operating in the United States."

References

References

1. "Corporation Profile". China Three Gorges Corporation.
2. "Hydropower Projects". China Three Gorges Corporation.
3. "Renewable Energy Business". China Three Gorges Corporation.
4. (2011-12-22). "Portugal sells utility stake to China for $3.5 billion in 1st privatization linked to bailout". [[The Washington Post]].
5. (2011-12-29). "Chinese win EDP tender". The Portugal News.
6. Lee, Andrew. (2011-12-12). "China Three Gorges buys into renewables group for $270m". [[NHST Media Group]].
7. Lewis, Joanna I.. (2023). "Cooperating for the Climate: Learning from International Partnerships in China's Clean Energy Sector". The [[MIT Press]].
8. (August 28, 2020). "DOD Releases List of Additional Companies, in Accordance with Section 1237 of FY19 NDAA".
9. (August 28, 2020). "Qualifying Entities Prepared in Response to Section 1237 of the National Defense Authorization Act for Fiscal Year 1999 (PUBLIC LAW 105–261)".
10. Chen, Shawna. (November 12, 2020). "Trump bans Americans from investing in 31 companies with links to Chinese military". [[Axios (website).
11. (2020-11-12). "Trump bans U.S. investments in firms linked to Chinese military". [[Reuters]].
12. Swanson, Ana. (2020-11-12). "Trump Bars Investment in Chinese Firms With Military Ties". [[The New York Times]].
13. (February 1, 2024). "Pentagon calls out Chinese companies it says are helping Beijing's military". [[Reuters]].