The Three Gorges Project is a gravity hydroelectric dam located on the Yangtze River near the city of Sandouping, China. The Three Gorges Dam is the largest power plant in the world in terms of installed capacity, which is 22,500 megawatts. Each hydraulic turbine has a capacity of 700 megawatts. By connecting the dam's 32 main turbines to two minor generators of 50 megawatts each, to power the plant itself, the total electricity generation capacity of the dam is 22,500 megawatts. It has a 22-gate spillway, a marine navigation system and a boat lift. Say no to plagiarism. Get a tailor-made essay on 'Why violent video games should not be banned'? Get the original essay In 2014, the dam generated 98.8 terawatt hours (TWh) and set a world record. The reservoir's gigantic size and the massive displacement caused by the Three Gorges Dam project were justified by the flood protection it provides to Chinese communities. An official count of 1.3 million people were relocated, which was completed on July 22, 2008, but some reports claim that an additional 4 million people will be moved away from the dam by 2020. Apparently, the funds intended for the relocation 13,000 farmers disappeared after being sent to the dam. local government, leaving residents without reimbursement. 13 cities, 140 villages and around 1,600 villages were submerged by the world's largest reservoir. 20,000 people were hired for the construction of the project. However, further demolition and relocation are foreseeable. The Three Gorges condenses coal consumption by 31 million tons per year, thus avoiding 100 million tons of greenhouse gas emissions, 10,000 tons of carbon monoxide, millions of tons of dust, 370,000 tons of nitric oxide, a million tonnes of sulfur dioxide and a substantial volume of mercury. At current levels, 80% of the region's land is subject to erosion, which deposits around 40 million tonnes of sediment into the Yangtze River, with which hydrologists expect the river's banks to become more vulnerable to floods. This also causes major and recurring landslides which have caused an obvious uproar on the surface of the reservoir. More than a billion tons of wastewater are released into the river every year. This left the water stagnant and contaminated. Already, the percentage of forest area in the region near the Three Gorges Dam has dropped from 20% to less than 10%, depressingly affecting all plant species in this locality. The government has projected that the Three Gorges Dam project would cost $28.1 billion. By the end of 2008, spending had reached $23.11 billion, of which $10.09 billion was spent on construction, $10.71 billion on the relocation of affected residents, and $2.37 billion to financing. Keep in mind: this is just a sample. Get a custom paper now from our expert writers.Get a Custom EssayFull cost recovery was planned over 10 years, but the full cost of the project was recovered by the end of 2013. Funding sources include the Dam Construction Fund of the Three Gorges, corporate bonds and profits from the Gezhouba Dam. ,, loans from local and foreign commercial banks, loans from China Development Bank and dam income.