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China's Three Gorges rules out new domestic hydro projects

A general view shows the Three Gorges Dam on the Yangtze River in Yichang, Hubei province.   © Reuters

BEIJING/SHANGHAI (Reuters) -- China Three Gorges Corp (CTGC), operator of the world's largest hydropower plant, is turning to projects offshore, a senior official said, as domestic costs soar and space runs out on the country's crowded rivers.

"We don't have any plans to build more hydropower projects in China but will develop more projects overseas," said Sun Zhiyu, the company's vice-president, on the sidelines of a meeting on Tuesday.

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