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India proposes setting up sovereign fund to buy coal assets abroad -min
NEW DELHI (Reuters) - India's coal ministry has proposed setting up a sovereign wealth fund to buy coal assets abroad, Coal Minister Sriprakash Jaiswal said on Friday.
Coal accounts for more than half of India's power generation and will be required for 85 percent of the 76,000 megawatts additional capacity targeted in the next five years.
http://af.reuters.com/article/southAfricaNews/idAFL4E8G41B820120504?rpc=401&feedType=RSS&feedName=southAfricaNews&rpc=401
Coal accounts for more than half of India's power generation and will be required for 85 percent of the 76,000 megawatts additional capacity targeted in the next five years.
http://af.reuters.com/article/southAfricaNews/idAFL4E8G41B820120504?rpc=401&feedType=RSS&feedName=southAfricaNews&rpc=401
