Chongqing Three Gorges Water Conservancy and Electric Power Co., Ltd. is principally engaged in hydraulic power generation. The Company is also engaged in the provision of advertising services, as well as survey, design and installation business. During the year ended December 31, 2008, the Company generated approximately 1.02 billion kilowatt-hours of on-grid electricity and sold approximately 868 million kilowatt-hours of electricity. The Company operates its business mainly in Chongqing, China. As of December 31, 2008, the Company had seven major subsidiaries.