China Approves World’s Largest Hydroelectric Dam

The Chinese government has greenlit the construction of a hydroelectric dam on the Yarlung Zangbo River in the western Tibet region.

The project is set to generate 300 billion kilowatt-hours annually, three times the capacity of the famous Three Gorges Dam, also in China. This long-discussed megaproject has sparked numerous protests and demonstrations from Tibetans.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewFCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTCUSD 100Visit Broker
🥈Read ReviewFSCA, FSC, ASIC, CySEC, DFSAUSD 5Visit Broker
🥉Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewASIC, FCA, CySEC, SCBUSD 100Visit Broker
6Read ReviewFCA, FSCA, FSC, CMAUSD 200Visit Broker
7Read ReviewBVI FSCUSD 1Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

The New Dam Project

Valued at over 1 trillion yuan (131.73 billion euros), the dam will become the most expensive infrastructure project in the world, according to state news agency Xinhua. It will be located on the lower course of the Yarlung Zangbo River, which cuts through the Tibetan plateau, creating the world’s deepest canyon.

The river also features a 50-kilometer stretch where a 2,000-meter drop will be utilized for hydroelectric generation. Tibet, with its vast hydroelectric potential, holds one-third of China’s hydroelectric resources.

In addition to meeting the annual electricity demand of 300 million people, the project aims to boost the development of clean energy sources, such as solar and wind power, in the region, according to reports from last year.

However, the first announcements from Beijing regarding the dam date back to 2020. According to the official statement, the project is intended to make a significant step in China’s transition to ecological, low-carbon energy.

The Three Gorges Dam

The Three Gorges Dam, the world’s largest hydroelectric project, is a monumental engineering feat that not only altered the course of the Yangtze River but also transformed China’s landscape and revolutionized its capacity for renewable energy generation.

With an installed capacity of 22,500 megawatts (MW) at full power and 88.2 billion kWh annually, it is currently the largest hydroelectric facility in the world. However, it will soon face competition.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Ignacio Teson
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Add 3442

Add 3440