Meanwhile,
China launching construction largest hydroelectric:
Chinese Prime Minister Li Qiang announced the start of the work of what will become the largest hydroelectric dam in the world. However, located on the eastern border of the Tibetan plateau, at least $ 170 billion, reported the official Xinhua agency.
The launch of this project. Furthermore, the most ambitious in China from the Trois-Gorges dam on the Yangtsé, was perceived by the Chinese markets as a sign of economic recovery, provoking a rise in stock prices and bond yields.
Composed of five cascading hydroelectric power plants. Meanwhile, capable of producing 300 billion kilowatt hours of electricity per year, the equivalent of the annual electricity consumption of the United Kingdom, the dam will be located on the low waters of the Yarlung Zangbo. Therefore, On a portion of the river, water drops 2,000 meters over 50 km, offering considerable hydroelectric potential.
china launching construction largest hydroelectric India. For example, Bangladesh have already expressed their concerns about the potential impact of the dam on millions of people downstream, while NGOs warn against the risks weighing on one of the richest and diverse environments on the tray.
Beijing claims that the dam will meet the energy needs of Tibet. In addition, the rest of China, without significantly affecting water resources or the environment. The operating of the dam is expected for the 2030s.
The CSI Construction & Engineering index of the Chinese Stock Exchange jumped up to 4 % to reach a seven -month summit. The actions of Power Construction Corporation of China and Arcplus Group PLC reached their daily limit of an increase of 10 %.
“From an investment point of view. mature hydroelectric projects offer dividends similar to those of obligations,” said Wang Zhuo, partner at Shanghai Zhuozhu Investment Management, while warning that speculation on these china launching construction largest hydroelectric titles could inflate their valuation.
In a note to its customers. Huatai Securities said that the project would stimulate demand for building materials, such as cement and civil explosives.
The actions of Hunan Wuxin Intelligent Tunnel Equipment CO, listed in Beijing and specializing in tunnel construction equipment, jumped 30 %. Those of Geokang Technologies CO LTD, manufacturer of intelligent monitoring terminals, recorded the same progression.
The Xizang Tianlu Co Ltd. Tibet Gaozheng CO Co -Co, producer of civilian explosive materials, both reached their maximum increase by 10 %.
Expanded impact
The Chinese Prime Minister described the “Century Project” dam. insisted on the need to “emphasize ecological conservation in order to avoid environmental damage”, according to the Xinhua agency on Saturday.
The yields of state bonds increased throughout the market on Monday. the term contracts on treasury bills at the most exchanged having dropped to their lowest level in five weeks, a china launching construction largest hydroelectric sign that investors interpret the news as an element of Chinese economic recovery.
The project. supervised by the brand new public group China Yajiang Group, represents significant support for public investment to stimulate economic growth, while current engines show signs of weakness.
“Assuming a ten -year construction, the investment/GDP boost could reach 120 billion yuan ($ 16.7 billion) in a single year,” said Citi in a note. “Real economic benefits could exceed this figure. »»
China has not provided an estimate on the number of jobs that the project could generate.
The Trois-Gorges dam. which required almost twenty years of work, has generated nearly a million jobs, according to the state media, although it has moved at least as many people.
The authorities did not specify how many people would be moved by the Yarlung Zangbo project.
The Yarlung Zangbo becomes the Brahmapoutre when it leaves Tibet to flow south, china launching construction largest hydroelectric in India, then in Bangladesh. NGOs claim that the dam will bring irreversible damage to the Tibetan tray and will affect millions of people downstream.
The head of government of the Arunachal Pradesh. Pema Khanu, said earlier this year than a dam of such magnitude, less than 50 km from the border, could dry 80 % of the river crossing the Indian state, while potentially flooding the downstream regions of the Arunachal and the neighboring Assam.
Some experts also express concerns about the realization of such a project in an active seismic area.
(1 $ = 7,1788 Chinese yuan)
China launching construction largest hydroelectric
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