Latest news with #TibetanPlateau
South China Morning Post
a day ago
- Business
- South China Morning Post
China is building the world's biggest hydropower dam. Why is India worried?
On the eastern rim of the Tibetan plateau, China envisions a future powered by the roaring waters of the Yarlung Tsangpo (Brahmaputra). The river will be the site of a mega dam – the world's most ambitious to date – that promises to bring clean energy, jobs, infrastructure and prosperity to the region. Construction on the world's largest hydropower dam began on Saturday, according to Premier Li Qiang , who called it the 'project of the century'. But the project is not just about electricity and economic benefits – the stakes are far higher. Regional security, ecological stability and the future of one of Asia's great rivers all hang in the balance. How big is the mega dam? The dam will be situated in the lower reaches of the Yarlung Tsangpo, where a section drops 2,000 metres (6,562 feet) over a 50km (31 miles) stretch, creating immense hydropower potential. The dam is reportedly located in Medog, a remote county in Nyingchi city in the Tibet autonomous region When completed, the project will overtake the Three Gorges Dam as the world's largest hydropower dam. It could generate three times more energy with five cascade hydropower stations – an estimated annual capacity of 300 billion kilowatt-hours (kWh) of electricity, more than Britain's total annual power output. It is estimated to cost around 1.2 trillion yuan (US$167 billion), dwarfing many of the biggest infrastructure undertakings in modern history at around five times the cost of the Three Gorges Dam and even more expensive than the International Space Station. China's new dam project in Tibet will overtake the Three Gorges Dam, shown here, as the world's largest hydropower dam. Photo: Xinhua Why is it important? The project was first announced in 2020 under China's five-year plan as part of a broader strategy to exploit the hydropower potential of the Tibetan plateau, with feasibility studies dating back to the 1980s. Beijing authorised the dam's construction in December 2024.
Yahoo
2 days ago
- Business
- Yahoo
Explainer-Why China's neighbours are worried about its new mega-dam project
By David Stanway SINGAPORE (Reuters) -China has broken ground on what it says will be the world's largest hydropower project, a $170 billion feat capable of generating enough electricity each year to power Britain. The scheme dwarfs the mighty Three Gorges Dam, currently the world's largest, and Chinese construction and engineering stocks surged after Premier Li Qiang unveiled it on the weekend. For Beijing, the project promises clean power, jobs and a jolt of stimulus for a slowing economy. For neighbours downstream, it stirs old anxieties about water security: the Yarlung Zangbo becomes the Brahmaputra in India and Bangladesh, a lifeline for millions. WHAT EXACTLY DID CHINA APPROVE? The plan involves five dams along a 50‑km stretch where the river plunges 2,000 metres off the Tibetan Plateau. First power is expected to be generated in the early‑to‑mid 2030s, but beyond that and the price tag, China has published little information about how it intends to build the project. WHY ARE NEIGHBOURS CONCERNED That lack of information is compounding fears about water security in India and Bangladesh, which rely on the Brahmaputra for irrigation, hydropower and drinking water. The chief minister of Arunachal Pradesh, which borders China, said earlier this year that the dam could dry out 80% of the river passing through the Indian state while potentially inundating downstream areas such as neighbouring Assam state. In addition to water, the dam will also mean less sediment flowing downstream, according to Michael Steckler, a professor at Columbia University. That sediment carries nutrients essential for agriculture on floodplains downstream. India and China fought a border war in this region in the 1960s, and the lack of transparency from Beijing has helped fuel speculation it might use the dam to cut off water in another conflict, according to Sayanangshu Modak, an expert on the India-China water relationship at the University of Arizona. "The construction of the Yarlung Zangbo hydropower project is a matter within the scope of China's sovereign affairs," Beijing's foreign ministry said on Tuesday, adding the dam would provide clean energy and prevent flooding. "China has also conducted necessary communication with downstream countries regarding hydrological information, flood control, and disaster mitigation cooperation related to the Yarlung Zangbo project," the ministry said. India's foreign and water ministries did not respond to requests for comment. WILL IT STARVE INDIA OF WATER? But the impact of the dam on downstream flows has been overstated, in part because the bulk of the water that enters the Brahmaputra is from monsoon rainfall south of the Himalayas, and not from China, said Modak. He added that China's plans are for a "run of the river" hydropower project, which means the water will flow normally along the usual course of the Brahmaputra. India itself has proposed two dams on the Siang river, its name for the Yarlung Zangbo. One, an 11.5-gigawatt project in Arunachal Pradesh, will be India's largest if it goes ahead. Those have been proposed, in part, to assert India's claims on the river and bolster its case should China ever seek to divert the water, Modak added. "If India can show that it has been using the waters, then China cannot unilaterally divert," he said. CONTROVERSY IS COMMON Quarrels over dams and water security are not new. Pakistan has accused India of weaponising shared water supplies in the disputed Kashmir region after New Delhi suspended its participation in the Indus Waters Treaty, which regulates water sharing between the neighbours. In Egypt, a senior politician was once caught on camera proposing to bomb a controversial Nile river dam planned by Ethiopia during a long-running dispute over the project. EARTHQUAKE AND EXTREME WEATHER RISKS The dam will be built in an earthquake zone also prone to landslides, glacial‑lake floods and storms. A spree of dam building in the area sparked concerns from experts about safety following a devastating earthquake in Tibet earlier this year. A much smaller hydropower project on a nearby tributary has been limited to four‑month construction windows because of engineering challenges in high altitudes and vicious winters. Solve the daily Crossword
Reuters
2 days ago
- Business
- Reuters
Explainer: Why China's neighbours are worried about its new mega-dam project
SINGAPORE, July 22 (Reuters) - China has broken ground on what it says will be the world's largest hydropower project, a $170 billion feat capable of generating enough electricity each year to power Britain. The scheme dwarfs the mighty Three Gorges Dam, currently the world's largest, and Chinese construction and engineering stocks surged after Premier Li Qiang unveiled it on the weekend. For Beijing, the project promises clean power, jobs and a jolt of stimulus for a slowing economy. For neighbours downstream, it stirs old anxieties about water security: the Yarlung Zangbo becomes the Brahmaputra in India and Bangladesh, a lifeline for millions. The plan involves five dams along a 50‑km stretch where the river plunges 2,000 metres off the Tibetan Plateau. First power is expected to be generated in the early‑to‑mid 2030s, but beyond that and the price tag, China has published little information about how it intends to build the project. That lack of information is compounding fears about water security in India and Bangladesh, which rely on the Brahmaputra for irrigation, hydropower and drinking water. The chief minister of Arunachal Pradesh, which borders China, said earlier this year that the dam could dry out 80% of the river passing through the Indian state while potentially inundating downstream areas such as neighbouring Assam state. In addition to water, the dam will also mean less sediment flowing downstream, according to Michael Steckler, a professor at Columbia University. That sediment carries nutrients essential for agriculture on floodplains downstream. India and China fought a border war in this region in the 1960s, and the lack of transparency from Beijing has helped fuel speculation it might use the dam to cut off water in another conflict, according to Sayanangshu Modak, an expert on the India-China water relationship at the University of Arizona. "The construction of the Yarlung Zangbo hydropower project is a matter within the scope of China's sovereign affairs," Beijing's foreign ministry said on Tuesday, adding the dam would provide clean energy and prevent flooding. "China has also conducted necessary communication with downstream countries regarding hydrological information, flood control, and disaster mitigation cooperation related to the Yarlung Zangbo project," the ministry said. India's foreign and water ministries did not respond to requests for comment. But the impact of the dam on downstream flows has been overstated, in part because the bulk of the water that enters the Brahmaputra is from monsoon rainfall south of the Himalayas, and not from China, said Modak. He added that China's plans are for a "run of the river" hydropower project, which means the water will flow normally along the usual course of the Brahmaputra. India itself has proposed two dams on the Siang river, its name for the Yarlung Zangbo. One, an 11.5-gigawatt project in Arunachal Pradesh, will be India's largest if it goes ahead. Those have been proposed, in part, to assert India's claims on the river and bolster its case should China ever seek to divert the water, Modak added. "If India can show that it has been using the waters, then China cannot unilaterally divert," he said. Quarrels over dams and water security are not new. Pakistan has accused India of weaponising shared water supplies in the disputed Kashmir region after New Delhi suspended its participation in the Indus Waters Treaty, which regulates water sharing between the neighbours. In Egypt, a senior politician was once caught on camera proposing to bomb a controversial Nile river dam planned by Ethiopia during a long-running dispute over the project. The dam will be built in an earthquake zone also prone to landslides, glacial‑lake floods and storms. A spree of dam building in the area sparked concerns from experts about safety following a devastating earthquake in Tibet earlier this year. A much smaller hydropower project on a nearby tributary has been limited to four‑month construction windows because of engineering challenges in high altitudes and vicious winters.
Free Malaysia Today
3 days ago
- Business
- Free Malaysia Today
China embarks on world's largest hydropower dam, capital markets cheer
The Three Gorges Dam, which took almost two decades to complete, generated nearly a million jobs. (EPA Images pic) HONG KONG : China's Premier Li Qiang announced construction had begun on what will be the world's largest hydropower dam, on the eastern rim of the Tibetan Plateau, at an estimated cost of at least US$170 billion, the official Xinhua news agency said. Commencement of the dam, China's most ambitious hydropower project since the Three Gorges Dam on the Yangtze, was seized by Chinese markets as proof of economic stimulus, sending stock prices and bond yields higher today. Made up of five cascade hydropower stations with the capacity to produce 300 billion kWh of electricity annually, equal to the amount of electricity consumed by Britain last year, the dam will be located in the lower reaches of the Yarlung Zangbo. A section of the river falls 2,000m within a span of 50km, offering huge hydropower potential. India and Bangladesh have already raised concerns about its possible impact on the millions of people downstream, while non-governmental organisations (NGOs) warned of the risk to one of the richest and most diverse environments on the plateau. Beijing has said the dam will help meet power demand in Tibet and the rest of China without having a major effect on downstream water supplies or the environment. Operations are expected sometime in the 2030s. China's CSI Construction & Engineering Index jumped as much as 4% to a seven-month high. Power Construction Corporation of China and Arcplus Group PLC surged by their 10% daily limit. 'From an investment perspective, mature hydropower projects offer bond-like dividends,' Wang Zhuo, partner of Shanghai Zhuozhu Investment Management said, while cautioning that speculative buying into related stocks would inflate valuations. 'The project will drive demand for construction and building materials such as cement and civil explosives,' Huatai Securities said in a note to clients. Shares of Beijing-listed Hunan Wuxin Tunnel Intelligent Equipment Co, which sells tunnel construction equipment, surged 30%. So did shares of Geokang Technologies Co Ltd, which makes intelligent monitoring terminals. Cement maker Xizang Tianlu Co Ltd and Tibet GaoZheng Explosive Co, producer of civil explosive materials, both jumped their maximum 10%. Broader impact The Chinese premier described the dam as a 'project of the century' and said special emphasis 'must be placed on ecological conservation to prevent environmental damage,' Xinhua said on Saturday. Government bond yields rose across the board today, with the most-traded 30-year treasury futures falling to five-week lows, as investors interpreted the news as part of China's economic stimulus. The project, overseen by the newly formed state-owned China Yajiang Group, marks a major boost in public investment to help bolster economic growth as current drivers show signs of faltering. 'Assuming 10 years of construction, the investment/GDP boost could reach ¥120 billion (US$16.7 billion) for a single year,' said Citi in a note. 'The actual economic benefits could go beyond that,' Citi added. China has not given an estimate on the number of jobs the project could create. The Three Gorges, which took almost two decades to complete, generated nearly a million jobs, state media reported, though it displaced at least a similar number of people. Authorities have not indicated how many people would be displaced by the Yarlung Zangbo project. NGOs say the dam will irreversibly harm the Tibetan Plateau and hit millions of people downstream. The Yarlung Zangbo becomes the Brahmaputra River as it leaves Tibet and flows south into India and finally into Bangladesh.
Yahoo
3 days ago
- Business
- Yahoo
China embarks on world's largest hydropower dam, capital markets cheer
By Farah Master and Samuel Shen HONG KONG/SHANGHAI (Reuters) -China's Premier Li Qiang announced construction had begun on what will be the world's largest hydropower dam, on the eastern rim of the Tibetan Plateau, at an estimated cost of at least $170 billion, the official Xinhua news agency said. Commencement of the hydropower project, China's most ambitious since the Three Gorges Dam on the Yangtze, was seized by Chinese markets as proof of economic stimulus, sending stock prices and bond yields higher on Monday. Made up of five cascade hydropower stations with the capacity to produce 300 billion kilowatt-hours of electricity annually, equal to the amount of electricity consumed by Britain last year, the dam will be located in the lower reaches of the Yarlung Zangbo. A section of the river tumbles 2,000 metres (6,561 feet) in a span of 50km (31 miles), offering huge hydropower potential. India and Bangladesh have already raised concerns about its possible impact on the millions of people downstream, while NGOs warned of the risk to one of the richest and most diverse environments on the plateau. Beijing has said the dam will help meet power demand in Tibet and the rest of China without having a major effect on downstream water supplies or the environment. Operations are expected sometime in the 2030s. China's CSI Construction & Engineering Index jumped as much as 4% to a seven-month high. Power Construction Corporation of China and Arcplus Group PLC surged by their 10% daily limit. "From an investment perspective, mature hydropower projects offer bond-like dividends," Wang Zhuo, partner of Shanghai Zhuozhu Investment Management said, while cautioning that speculative buying into related stocks would inflate valuations. The project will drive demand for construction and building materials such as cement and civil explosives, Huatai Securities said in a note to clients. Shares of Beijing-listed Hunan Wuxin Tunnel Intelligent Equipment Co, which sells tunnel construction equipment, surged 30%. So did shares of Geokang Technologies Co Ltd, which makes intelligent monitoring terminals. Cement maker Xizang Tianlu Co Ltd and Tibet GaoZheng Explosive Co, producer of civil explosive materials, both jumped their maximum 10%. BROADER IMPACT The Chinese premier described the dam as a "project of the century" and said special emphasis "must be placed on ecological conservation to prevent environmental damage," Xinhua said on Saturday. Government bond yields rose across the board on Monday, with the most-traded 30-year treasury futures falling to five-week lows, as investors interpreted the news as part of China's economic stimulus. The project, overseen by the newly formed state-owned China Yajiang Group, marks a major boost in public investment to help bolster economic growth as current drivers show signs of faltering. "Assuming 10 years of construction, the investment/GDP boost could reach 120 billion yuan ($16.7 billion) for a single year," said Citi in a note. "The actual economic benefits could go beyond that." China has not given an estimate on the number of jobs the project could create. The Three Gorges, which took almost two decades to complete, generated nearly a million jobs, state media reported, though it displaced at least a similar number of people. Authorities have not indicated how many people would be displaced by the Yarlung Zangbo project. The Yarlung Zangbo becomes the Brahmaputra River as it leaves Tibet and flows south into India and finally into Bangladesh. NGOs say the dam will irreversibly harm the Tibetan Plateau and hit millions of people downstream. The chief minister of Arunachal Pradesh, Pema Khandu, said earlier this year that such a colossal dam barely 50km from the border could dry out 80% of the river passing through the Indian state while potentially inundating downstream areas in Arunachal and neighbouring Assam state. Some experts also express concerns for a project in a seismically active zone. ($1 = 7.1788 Chinese yuan) Solve the daily Crossword
