To build the Three Gorges Project and develop the Yangtze River, the China Three Gorges Project Corporation was founded on September 27, 1993, upon the approval of the State Council. The Corporation changed its name to 'China Three Gorges Corporation' (CTG) on September 27, 2009. After more than two decades of continuous and rapid growth, CTG has become the largest hydropower developer in the world and the largest clean energy group in China.