Three Gorges Project to begin full operation this year
Updated: 2008-02-20 00:01
CTGPC, which has come into being for the sole purpose of developing the world's biggest hydropower plant on the middle reaches of the Yangtze, began to diversify its fields of business through the financial market in 2004.
The company has seen its fields of business expand from hydropower development to sectors of nuclear power and wind power.
Li said 38.1 billion yuan, or nearly one-third of his corporation's profit last year, came from the company's diversified investment portfolios other than the Yangtze hydropower development.
A 50,000-kilowatt wind power generation program in Cixi city of eastern Zhejiang Province, which was invested by CTGPC, has been put into operation after over two year's construction.
Another 200,000-kilowatt wind power generation program invested by the corporation in Xiangshui county in eastern Jiangsu Province got permission for construction from the National Development and Reform Commission last December.
The corporation was also granted approval to develop a 2.4 million kilowatt program of Tianhuangping Pump Storage Power Station in Anji county of Zhejiang Province.
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