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Auditors find more Three Gorges problems
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Auditors have found more accounting problems with projects linked to the US$59 billion Three Gorges Dam, the world’s biggest hydropower scheme, following a critical report last year that revealed nepotism and other corrupt practices.
The state audit office has conducted 21 inspections since construction began in 1992, uncovering issues such as embezzlement, but continues to find problems, it said in a statement on its website.
The National Audit Office found accounting problems amounting to almost 2 billion yuan in the final accounts for a 7.1 billion yuan (US$1.1 billion) underground hydroelectric plant, it said.
These included 1.54 billion yuan from improper bidding and 337 million yuan in duplicate calculations, it said, adding that too much money had been spent on equipment, while management oversight was lax.
The Three Gorges Corporation, which runs the dam, is now “proactively organizing rectifications” having received the report, the auditor said, adding that it would be keeping an eye on developments.
“China Three Gorges Corporation attaches a great degree of importance to the problems pointed out by the audit,” the company said on its website.
It said that all the problems pointed out by the audit had “been finished or rectified.”
The dam has long been controversial. Between 1992 and 2009, every Chinese citizen had to pay a levy built into power prices that went toward its construction, a project that has also been overshadowed by compulsory relocations of residents and environmental concerns.
Last year the Party’s anti-graft watchdog slammed the Three Gorges Corporation for shady property deals and dodgy bidding procedures.
In 2011, then-Premier Wen Jiabao presided over a government meeting that said that despite the benefits from the dam, it had spawned a number of urgent problems, from the relocation of more than a million residents to risks of geological disasters.
In 2000, six years before the project was completed, authorities busted a ring of officials who had siphoned off hundreds of millions of yuan in resettlement funds.
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