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Gujarat Waives clean-energy targets for power distribution companies

Regulators in Gujarat waived clean-energy targets for power distribution companies in a blow to the country’s market for trading renewable credits.

State utility Gujarat Urja Vikas Nigam Ltd. and Ahmedabad-based Torrent Power Ltd. (TPW) had petitioned against a rule requiring them last fiscal year to source 7 percent of their power from renewable sources or buy credits over the power exchanges to fulfill the obligation. read more →

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