CTG

China Three Gorges Corporation (hereinafter referred to as CTG), approved by the State Council, was established in September 1993, with its headquarters in Beijing. It is the world's largest hydropower development enterprise and China's largest clean energy group, and has been selected as one of the first batch of demonstration enterprises for innovation. CTG's business includes engineering construction and consulting, power production and operation, cascade dispatching and comprehensive management of river basins, new energy development and operation, international energy investment and contracting, ecological environment protection and investment operation, capital operation and financial services, asset management and base services. In 2018, the state defined CTG's strategic positioning as: actively serving major national strategies such as the development of the Yangtze River Economic Belt and the Belt and Road Initiative, playing a backbone and main role in deeply integrating into the Yangtze River Economic Belt and jointly promoting the protection of the Yangtze River, undertaking basic guarantee functions in promoting regional sustainable development, and assuming leading responsibilities in promoting the upgrading and innovative development of the clean energy industry. It also promotes the deepening of enterprise reform and accelerates the building of a transnational clean energy group with strong innovation capability and global competitiveness. As of the end of 2019, CTG's clean and renewable energy projects, including hydropower, wind power, and solar energy, have covered 31 provinces, municipalities, and autonomous regions across the country, as well as more than 40 countries and regions worldwide, with a total installed capacity of 131 million kilowatts. CTG has 22 wholly-owned and holding subsidiaries, 3 listed holding companies, total assets exceeding 835 billion yuan, and nearly 35,000 employees at home and abroad. CTG's asset quality and operating performance have continued to lead among central enterprises, and it has been rated Grade A in the annual performance assessment of the State-owned Assets Supervision and Administration Commission of the State Council for 12 consecutive years.