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By Tsering Dhundup
DHARAMSHALA, July 19: Chinese Premier Li Qiang on Saturday officially launched construction of a massive hydroelectric dam project on the lower reaches of the Yarlung Tsangpo River in Tibet on Saturday, according to China’s state-run Xinhua News Agency.
The project, with a staggering planned investment of 1.2 trillion yuan ($167 billion), was announced during a ceremony in Nyingchi City, located in the traditional U-Tsang province of Tibet, just north of the Indian state of Arunachal Pradesh.
According to the report, the new project will be executed by a newly established company, China Yajiang Group, and will consist of five cascade dams. While specific capacity figures were not disclosed, the generated power is expected to primarily support energy demands outside Tibet, with some provision for local consumption.
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