Renewable energy sector governing act & ‘National Renewable Energy Fund’

Q.  Which of the following statements are correct?

1. The renewable energy sector is governed by the Electricity Act, 2003 which will be replaced by National Renewable Energy Act.
2. Under the National Renewable Energy Act, the central government would set up ‘National Renewable Energy Fund’ and also push states to set up their own ‘State Green Funds’.
- Published on 11 Jul 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both
 
Through a separate law, MNRE would get freedom to execute projects and not depend on other ministries and departments for necessary clearances. The Bill would be placed in Parliament next year.

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