- Sep 26, 2000
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http://www.cbsnews.com/stories/2006/05/20/world/main1638180.shtml
http://www.bangkokpost.com/breaking_news/breakingnews.php?id=98078
Key points:
The final cost of the huge project, which began in 1993, is forecast to reach a maximum of 180 billion yuan (22.5 billion dollars), at least 20 billion yuan less than the initial budget of 203.9 billion yuan (25.2 billion dollars), Li Yong'an, general manager of the project, said on Friday.
The entire dam and power project will be completed in 2008, about one year ahead of schedule (Dam construction is complete but here are still power stations and buildings to be built by 2008)
Enough electricity to power Belgium.
Will provide about 10 percent of the entire Chinese electrical needs.
The structure has been built close to a geological fault line, and critics suggest that pressure from the reservoir could trigger landslides, or even an earthquake.
Hoover Dam produces about 4 billion kilowatt-hours a year. Three Gorges will produce about 82 billion!
2.5 billion UNDER budget? A year AHEAD of schedule?
I guess they didn't use Halliburton.
China uses coal for about 80 percent of its electrical power so the dam will not affect the oil market, unfortunately.
However, it is a huge accomplishment and if it has an effect on China like the Hoover Dam did on the west coast of the US then the Chinese economy is going to go BOOM (if thats possible considering its already going BOOM)
Did I forget to mention the US has just pissed away a TRILLION dollars on a fiasco in Iraq?
Plan for a New American Century? Looks like a Plan for the Chinese Century.
------------------------------------------------
This thread has gotten off topic.
It does not help that the OP attempted to hijack the thread by a comment either
Mod
http://www.bangkokpost.com/breaking_news/breakingnews.php?id=98078
Key points:
The final cost of the huge project, which began in 1993, is forecast to reach a maximum of 180 billion yuan (22.5 billion dollars), at least 20 billion yuan less than the initial budget of 203.9 billion yuan (25.2 billion dollars), Li Yong'an, general manager of the project, said on Friday.
The entire dam and power project will be completed in 2008, about one year ahead of schedule (Dam construction is complete but here are still power stations and buildings to be built by 2008)
Enough electricity to power Belgium.
Will provide about 10 percent of the entire Chinese electrical needs.
The structure has been built close to a geological fault line, and critics suggest that pressure from the reservoir could trigger landslides, or even an earthquake.
Hoover Dam produces about 4 billion kilowatt-hours a year. Three Gorges will produce about 82 billion!
2.5 billion UNDER budget? A year AHEAD of schedule?
I guess they didn't use Halliburton.
China uses coal for about 80 percent of its electrical power so the dam will not affect the oil market, unfortunately.
However, it is a huge accomplishment and if it has an effect on China like the Hoover Dam did on the west coast of the US then the Chinese economy is going to go BOOM (if thats possible considering its already going BOOM)
Did I forget to mention the US has just pissed away a TRILLION dollars on a fiasco in Iraq?
Plan for a New American Century? Looks like a Plan for the Chinese Century.
------------------------------------------------
This thread has gotten off topic.
It does not help that the OP attempted to hijack the thread by a comment either
Mod
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