BEIJING (XFN) – China’s Three Gorges Power Plant’s first power generation unit is expected to be put into operation in August, with a planned generating capacity of 5.5 billion kWh of power, Xinhua news agency reported.
The agency quoted sources from the State Power Grid Co as saying that 2.62 billion kWh of power will be supplied to three provinces and one municipality in the eastern part of China, with 40% of this going to Shanghai, 28% to the eastern province of Jiangsu, 23% to Zhejiang and 9% to Anhui.
The sources said the remaining 2.88 billion kWh of power will be transmitted to the central Chinese regions, with 40% of this going to Hubei province, 40% to Henan, and 20% to Hunan.
The Three Gorges Dam project had used 84.381 billion yuan in investment as of the end of October, but total funding for the project is unlikely to exceed 180 billion yuan and will be at least 20 billion yuan less than estimates made in 1994. (US$1=8.28 yuan).
China Yangtze Three Gorges Project Development Corp plans to invite domestic and international bids for projects totaling about 10 billion yuan this year, double the amount last year, the Shanghai-based International Finance News said.