Home to almost half of the world’s 45,000 biggest dams, China has embarked on a push to export its hydropower know-how to developing countries — even as it contends with environmental damage and social upheaval at home from the massive Three Gorges Dam.
Many other countries and international organizations have begun to shy away from dam building. But Chinese companies and banks are now involved in billions of dollars worth of deals to construct at least 47 major dams in 27 countries, including Sudan and Myanmar, nations criticized for human-rights abuses and poor environmental track records.
Just this week, Gezhouba Co., one of China’s biggest engineering firms, said it won a $1.5 billion contract to build a hydroelectric dam in Pakistan. Earlier this year, the company announced it would build a $1.5 billion dam in Nigeria. China’s leading dam builder, Sinohydro Corp. Ltd. last month won a bid to build a dam in Laos whose cost is estimated at $2 billion. [Full Text]