China Yangtze Power, operator of the Three Gorges project,
announced it would definitely list on the Shanghai stock exchange before the end of the
year.
The initial public offering (IPO) is expected to raise about RMB 10
billion and would be the largest offering on the mainland in 2003.
The
original plan to list in September was delayed because of a slide in China's domestic
stock market.
The Three Gorges Dam, which will probably cost a total of
RMB 180 billion to build, has begun operating four of its planned 26 generators sending
energy to eastern provinces and cities including Shanghai. Two more generators are due
to come on line this year.