China has begun construction on what is set to become the world's largest hydropower dam on the Yarlung Tsangpo River in Tibet, a $167 billion project that could surpass the Three Gorges Dam in scale and output. The dam, located near the border with India and Bangladesh, has raised significant concerns about water security, environmental impact, and the displacement of local communities downstream. India and Bangladesh fear the project could allow China to control or divert water flows, affecting millions of people and regional stability. While the dam is touted as a green energy milestone and a boost for related industries, critics highlight the lack of transparency, consultation, and potential ecological damage. The project has also triggered a surge in hydropower and construction-related stocks, reflecting its massive economic footprint.
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