Tag: cost

10 most expensive energy projects in the world

Surprisingly, CNN put China’s behemoth Three Gorges Dam ‒ at a cost of $28 billion ‒ in last place for the ‘honour’ of world’s most expensive energy project. In fact, had CNN used the most recent cost figures for Three Gorges, the world’s largest dam would have come in second place (at $60 billion) between the $116-billion Kashagan oil field in Central Asia and the $57-billion Gorgon gas project in Australia.

FEATURE: What price the Three Gorges project?

(September 18, 2008) By the end of this year China’s Three Gorges Corporation plans to raise its reservoir to a final height of 175 metres despite experts’ warnings that higher water levels are likely to accelerate sedimentation and render the port of Chongqing useless within the first 10 years of operation.