SHANGHAI — Chinese authorities cautioned on Sunday of water topping warning levels on the Yangtze River as a third wave of floodwater is expected at Three Gorges Dam over the next three days.
The country is already facing one of its worst floods since 1998 with water breaching record levels at key waterways and lakes.
“The inflow of the Three Gorges Dam on the upstream Yangtze River may reach 60,000 cubic meters per second on Tuesday,” the Ministry of Water Resources said in a statement. “Water at the Yangtze River midstream will rise again and exceed its limit by 0.2 meters.” The ministry also warned of a “huge flood” both east and west of the city of Yichang in Hubei Province where the dam is located.
https://asia.nikkei.com/Economy/Natural-disasters/China-warns-of-new-floods-as-Three-Gorges-Dam-under-pressure
The power giant has approached sovereign funds including Singapore’s GIC Pte and China Investment Corp. about potentially acquiring a minority interest representing between 10% and 20% of China Three Gorges’ international assets, said the people, who asked not to be identified because the matter is private.
They need to reduce the debt, but will be difficult to find external investors willing to take a minority share in companies owned by TGC even abroad. If bad things happen with the Three Gorges Dam they have to sell these foreign assets and then the price will go down. Perhaps they will understand that it is better to sell the overseas assets now.