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China Three Gorges Project Corporation was founded on September 27, 1993, with the approval of the State Council. On September 27, 2009, it was renamed China Three Gorges Corporation (CTG). Following a corporate restructuring, CTG became a solely state-owned company on December 28, 2017. CTG’s strategic development positioning is as follows:
Actively support major national strategies, such as development of the Yangtze River Economic Belt, and the Belt and Road Initiative;
Integrate CTG more deeply into the Yangtze River Economic Belt and play a key role in protecting the Yangtze River;
Promote sustainable development in the region;
Take a lead in promoting innovation in the clean energy industry; and
Deepen reform to become a globally competitive world-leading transnational clean energy group with strong innovation capabilities.
CTG’s principal business comprises:
Hydropower project construction and management;
International investment and project contracting;
New energy development such as wind power and solar energy;
Comprehensive development and utilization of water resources; and
Related professional and technical consulting services.
Given CTG’s sustainable, high-quality and rapid development over the past 20 years, it has grown to become the largest clean energy group in China and the world’s biggest hydropower development and operation enterprise.
At the end of 2019, CTG’s consolidated installed capacity had reached 74.963GW, of which 94.3% was from renewable and clean energy sources. Meanwhile, its consolidated installed hydropower capacity comprised 13.9% of China’s total installed hydropower capacity. CTG had total assets of more than RMB 837.83 billion, and ranked high among state-owned enterprises in terms of profit before income tax, net profit attributable to the parent company, the profit-to-cost ratio, labor productivity, per capita profit, per capita tax payment and other financial indicators.
CTG is fully responsible for the construction and operation of the Three Gorges Project. After more than two decades of hard work, preliminary construction of the Three Gorges Project was completed as scheduled in 2009, and the Three Gorges Ship Lift Project started trial operations in September, 2016.
CTG is also responsible for the development, construction and operation of a cascade of four world-class large hydropower plants - Xiluodu, Xiangjiaba, Wudongde and Baihetan - on the lower reaches of the Jinsha River. CTG is also active in developing new energy businesses, such as wind power and solar energy, as part of its efforts to expand new energy as its second principal business. CTG is committed to becoming a leading developer of offshore wind farms.
According to central government guidance on its strategic development, CTG will take up responsibility for sewage treatment and play a leading role in concerted efforts to protect the Yangtze River in the Yangtze River Economic Belt.
By the end of 2019, CTG’s overseas investments and contracting business covered more than 40 countries and regions across Europe, the Americas, Africa and Southeast Asia.
In the spirit of serving the country and its people, respecting life and nature, blazing new trails in a down-to-earth manner, pursuing win-win partnerships with an open and inclusive mindset, and keeping good faith and professional ethics, CTG has spared no effort in building power stations that stimulate local economy, improve the local environment and benefit resettled residents. In addition, CTG actively fulfills its social responsibilities.
As well as its achievements in flood control, water resource preservation, energy conservation, emission reductions and ecological protection, CTG has sought to develop clean energy through engineering, technical and scientific innovation in order to create ecological, social and economic benefits.
At the same time, CTG has led social-public welfare projects, such as those focused on targeted poverty alleviation, local-level assistance programs, community co-development initiatives, and aid to Xinjiang and Tibet.
CTG’s development of hydropower results in material benefits for resettled populations and the environment, and boosts local economic and social progress. The company’s achievements are benefiting more and more people.