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High costs, capacity excess foil China hydro boom
Published Wed, May 20, 2015 · 09:50 PM
Beijing
CHINA'S plans to ramp up hydropower capacity in order to meet its 2020 renewable energy targets could be stymied by soaring costs, a weak power market and a surplus of capacity in key regions of the south-west, developers said.
Smog-hit China is working to ease its dependence on coal and raise the share of non-fossil fuels in its total energy mix to 15 per cent by 2020, up from around 11 per ce…
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