The power plant at the Three Gorges Project, on the middle reaches of the Yangtze River, will contribute over three billion yuan (US$362 million) to help people displaced from the Three Gorges reservoir area.
Cao Guangjing, deputy general manager of China Yangtze River Three Gorges Project Development Corporation, said the money would come from revenue from electricity sales. Collection of the funds would begin after generators are in operation and would continue for 10 years.
"That means every resettled person from the Three Gorges reservoir area will get 380 yuan in financial aid annually for 10 years," said Cao.
Construction of the multi-functional Three Gorges Project requires the resettlement of 1.13 million residents, of whom 720,000 have been relocated to date.
The Three Gorges Project power plant will have 26 generators, each with a capacity of 700,000 kw. It will be able to generate an average of 84.7 billion kw/hours of electricity annually on completion.
In accordance with the construction schedule, the first group of generators with the Three Gorges Project will begin operating this year.
(Xinhua News Agency June 2, 2003)
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