China Three Gorges Corporation

China Three Gorges Corporation

File:China Three Gorges Corporation logo.png
Native name	中国长江三峡集团公司
Company type	State-owned enterprise
Industry	Electricity
Founded	27 September 1993 (1993-09-27)
Headquarters	Wuhan , China
Area served	Worldwide
Revenue	CN¥63.0 billion (2014)
Net income	CN¥26.0 billion (2014)
Total assets	CN¥280.98 billion
Owner	SASAC
Number of employees	18,121 (2013)
Subsidiaries	China Yangtze Power EDP (23.15%)
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The China Three Gorges Corporation (CTG; ) is a state-owned enterprise from China, established on 27 September 1993. It spearheaded the development of the Three Gorges Dam, recognized as the largest hydroelectric power facility worldwide, which began operations in 2008. In 2002, CTG launched its subsidiary, China Yangtze Power, responsible for managing both the Gezhouba and Three Gorges dams. With assets totaling RMB 475.5 billion (approximately USD 77.3 billion) in 2014, CTG is ranked among the top global energy corporations. The company also manages wind power installations both onshore and offshore.

Business

In addition to managing the Gezhouba and Three Gorges dams, CTG is involved in constructing significant hydroelectric projects along the Yangtze River, such as the Xiangjiaba Dam, Xiluodu Dam, Baihetan Dam—the world's second largest hydroelectric station—and Wudongde Dam. By the close of 2014, CTG's hydropower capacity within China reached 46.3 gigawatts, with over 28 gigawatts either under construction or in development phases.

The corporation ventured into wind energy in 2007 and expanded into solar power by 2011. As of 2014, CTG operated 31 wind farms and had an additional 33 under construction, alongside 37 solar projects with another 18 being developed. This portfolio represented an operational capacity of 3,707 megawatts with a further 3,050 megawatts underway.

By 2013, CTG's international footprint extended to 37 countries, managing 84 projects abroad. A notable international acquisition occurred in December 2011 when CTG purchased a 21.35% share in Portugal's Energias de Portugal for €2.69 billion, marking a major foreign investment. That same year, it acquired a 29% stake in China Power New Energy Development for HK$2.1 billion (US$270 million).

CTG also maintains a presence in Brazil’s hydroelectric market through its subsidiary China Yangtze River Three Gorges Corporation, underscoring its commitment to expanding renewable energy globally.

U.S. sanctions

In August 2020, the United States Department of Defense identified CTG as one of the companies linked to the People's Liberation Army operating within the United States. Subsequently, in November 2020, then-President Donald Trump enacted an executive order prohibiting American individuals and firms from holding shares in entities designated by the Department of Defense as associated with the Chinese military, including CTG. The U.S. Department of Defense reaffirmed CTG's inclusion on its roster of "Chinese Military Companies Operating in the United States" in January 2024.