AGL Buys Southern Hydro  

AGL have announced the purchase of Southern Hydro and its renewable energy assets (as well as complicating matters by restructruing the company, which seemed to please the market today).

Of course, compared to the output of China's Three Gorges dam (which may be an environmental disaster but is certainly a massive generator of power) Southern Hydro's capacity is puny.

The mammoth Three Gorges dam will have generated a total of 100 billion kWh of electrical energy by the end of this year, according to Li Yong'an, general manager of China Yangtze River Three Gorges Project Development Corporation.

It currently generates 180 million kWh of electricity every day. This year alone, the project will generate 50 billion kWh of electricity, or the annual power consumption of Beijing. The project has put into operation generators with a combined installed capacity of 9.8 million kW, or one-tenth of the installed capacity of all Chinese hydropower plants, Li said.