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India Starts $15 Billion Program to Curb Fossil Fuel Use

India started a program that imposes energy-saving targets on companies including Reliance Industries Ltd., Tata Steel Ltd. and Vedanta Resources Plc, ordering them to reduce fossil-fuel consumption by 2015.

Starting yesterday, 563 facilities such as oil refineries, steel plants and paper mills must begin improving the efficiency with which they consume energy over the next three years, according to program rules and targets published on the website of the Ministry of Power.