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BEIJING (Reuters) - China is likely to expedite approving hydropower projects from the second half of this year, or face missing its ambitious renewable energy target after cutbacks in the past five years, local media said.

Huaneng and Huadian -- parents of Huaneng Power International and Huadian Power -- have won environmental clearance for the dams they were told last year to halt, the 21st Century Business Herald reported on Tuesday.

China has set a goal to utilize renewables to supply 15 percent of its primary energy demand by 2020, and two-thirds of it will come from hydropower, according to a plan mapped out by the National Energy Administration, the paper said.

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