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India to Seek 15% of $50 Billion for Renewables From Overseas

June 12, 2012 -- Prime Minister Manmohan Singh plans to spend more than $300 billion in the five years to March 2017 to expand India's electricity systems in an attempt to spur 9 percent economic growth by then. An increasing share of that may be allocated to renewable projects as lenders shun new conventional power projects that face rising fuel costs. >>More

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