(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.
(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.
(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.
(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.
(August 1, 2006) View report
(January 18, 2006) Earlier this year, China Yangtze Power Company, the listed arm of state-owned Three Gorges Project Development Corporation, announced plans to buy a string of coal-fired plants to reduce the company’s exposure to hydro risk.
(December 8, 2005) ‘Nobody ever said damming the Yangtze River would be profitable,’ writes Probe International’s Grainne Ryder, as the listed arm of the Three Gorges Project Development Corp. diversifies to coal to reduce its exposure to hydro risk.
(December 5, 2002) China’s newest power giant, created with much fanfare in Beijing’s Great Hall of the People in September, aims to finance not only the completion of the Three Gorges project on the Yangtze River but also the construction of many more huge dams upstream, a respected Chinese publication reports.
(September 11, 2002) China Yangtze Power’s Zhang Dingming says in an interview that the operation of the hydropower plant points to success on a grand scale.