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- Title
Three Gorges Dam Operator Buys Two Brazilian Power Plants for $3.7 Billion.
- Authors
Shuang Shan
- Abstract
The article reports that Three Gorges Corp. (CTG) power company is planning to operate two major Brazilian hydroelectric power stations for the upcoming years. It mentions that the deal worth 3.7 billion dollars makes CTG the biggest operator in Brazil's hydropower plant auction. It focuses on government initiative to narrow Brazil's budget deficit. It mentions that CTG is the largest hydroelectric operator, and developed and operates the world's largest hydropower project. It mentions that the company has generated the annual revenue of about 632 million dollars.
- Subjects
BRAZIL; THREE Gorges Corp.; HYDROELECTRIC power plants; AUCTIONS; BUSINESS revenue; BUDGET deficits; WATER power; DEALS; BUDGET reform
- Publication
China Business Review, 2015, p1
- ISSN
0163-7169
- Publication type
Article