China Three Gorges Corp., builder of the world's largest hydropower project, said Monday that it has a slight edge in bidding for the Portuguese government's sale of 21% in national utility EDP-Energias de Portugal SA (EDP.LB).

Three Gorges said nine companies originally bid for the assets, but after two rounds, only three are left in the auction--the others being Germany's E.ON and Brazil's Centrais Eletricas Brasileiras S.A., known as Electrobras.

Three Gorges didn't mention how much its bid was, but in a statement cited media reports that it had bid EUR2.69 billion, which was 5% more than E.ON and 6% more than Electrobras.

-By Wayne Ma, Dow Jones Newswires; +86 10 8400 7714; wayne.ma@dowjones.com

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