(May 19, 2011) The world’s largest hydroelectric project was designed to tame the flood-prone Yangtze River and to generate clean energy. But the water is becoming polluted, and regular landslides are making life near the dam dangerous. Three Gorges dam is “a classic case in which government officials exaggerated the benefits and underestimated the risks,” says Patricia Adams of Probe International.
(May 18, 2011) Water depth at Three Gorges Dam stood at 154.8 meters on Tuesday afternoon.
(May 18, 2011) China’s drought has caused the Three Gorges reservoir level to drop precipitously, crippling the mighty Three Gorges Dam. Shipping on the Yangtze River has now halted, power generation has been compromised, and geological hazards are heightened.
(April 7, 2011) Dai Qing, Chinese investigative journalist and Probe International Fellow, delivered the following speech about the Three Gorges Dam project in November 2010 while on a speaking tour in British Columbia, Canada. In her address, she reports that the problems predicted by dam critics published in her books, “Yangtze! Yangtze!” and “The River Dragon Has Come!,” are now coming true.
(April 1, 2011) It is business as usual for the China Three Gorges Corporation, operator of the world’s largest dam and builder of the Xiangjiaba hydropower project in southwestern China, after 2,000 protesters were dispersed by 1,500 riot police.
(June 3, 2010) A recent restructuring by China’s Yangtze Power Co., the Shanghai-listed subsidiary of the Three Gorges Project Development Corporation, will see the company acquire full ownership of the only profitable part of the controversial dam—the generators—while assuming little-to-none of the environmental and social costs.
(May 27, 2009) China’s Yangtze Power Co., operator of 22,400-MW Three Gorges Dam, is carrying out a 107.5 billion renminbi (US$15.76 billion) restructuring plan that includes acquiring full ownership of the project’s 26 operating units, totaling 18,200 MW.
(May 21, 2009) Shares of the Yangtze Power Company – operator of the Three Gorges dam – shot higher this week after the company announced that it will acquire the remaining 18 turbines at the Three Gorges dam from its parent, China Three Gorges Project Corporation.
(October 31, 2008) China Yangtze Power Co Ltd, operator of the Three Gorges hydroelectric dam, said third quarter net profit fell 14.69 percent year-on-year to 1.93 billion yuan due to a fall in investment income and rising costs.
(October 2, 2008) China’s Xinhua financial network reported on August 6th that China Three Gorges Project Corporation, the country’s largest hydropower operator, is in talks to buy out rival China Water Investment Corporation, according to a report in the Shanghai Securities News (SSN), which cited an unnamed Three Gorges official.
(August 17, 2006) China Yangtze Power Co Ltd, owner of the Three Gorges project, has increased by 38 per cent the price it charges grid companies for electricity.
(January 8, 2008) China’s Yangtze Power Company posted a 47 percent rise in “profit” last year, though critics, including Probe International, argue these profits would vanish if the company were forced to pay its share of the project’s rising environmental costs.
(December 6, 2007) Yangtze Power was not the first Chinese company to issue debt in the domestic market, but the US$540 million it raised through the sale of 10-year bonds — which started trading on the Shanghai Stock Exchange on October 12 — marked the dawn of what could be a dynamic new age for corporate bonds, Newsweek reports.
(August 1, 2007) China Yangtze Power, operating power plants at the Three Gorges Dam, reported a measly 4.26% increase in its first-half underlying profit as gains in overall generation were hampered by narrowing margins.
(June 1, 2007) China Power Investment Corp and China Yangtze Power Co yesterday agreed to pay 1.3 billion yuan for 18.92 percent of Shanghai Electric Power Co.