Three Gorges Energy, China Yangtze Power, and Three Gorges Investment form joint venture
On August 6, Three Gorges Energy announced that, in order to promote large-scale new energy project development and deeply integrate into the national energy security strategy, the company plans to establish a joint venture with China Yangtze Power and Three Gorges Investment in Qinghai – Three Gorges Group Qinghai Energy Investment Co., Ltd. (subject to final business registration name). Three Gorges Energy, China Yangtze Power, and Three Gorges Investment will contribute RMB 340 million, RMB 330 million, and RMB 330 million respectively in cash, representing 34%, 33%, and 33% of the joint venture’s registered capital respectively.