CTG recognized as leading SOE by state assets regulator

Date: 2020-07-27

China Three Gorges Corporation (CTG) has once again been recognized by the country’s top state assets regulator as one of the leading state-owned enterprises (SOEs) in China, according to the results announced by the regulator on July 17.

CTG was awarded Level-A rating by State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC) for the 13th consecutive year following its 2019 SOE performance review.

CTG achieved the top rating despite a host of difficulties it confronted last year including reduced inflows from the Yangtze River, lower operational water levels at hydropower plant and stagnant capital markets.

In the face of these challenges, CTG was able to maintain its leading position and continue stable growth in its technology investments. In addition, Three Gorges Project also received the special prize in the 2019 National Science and Technology Progress Awards.

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By China Three Gorges Corporation

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