With reference to solar power production in India consider the following statements 1 India is the t...........

Indian Economy Infrastructure- Housing, Transport, Energy

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With reference to solar power production in India, consider the following statements:

1. India is the third largest in the world in the manufacture of silicon wafers used in photovoltaic units.

2. The solar power tariffs are determined by the Solar Energy Corporation of India.

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Justification: S1: Not a single silicon chip for solar energy is manufactured in India. Every solar panel which is made in India is assembled while all the material comes from China, Europe and some other countries. India is yet to develop semiconductor clusters.
S2: CERC determines solar power tariffs and regulates the tariff of generating companies owned or controlled by the Central Government.
SECI has a power-trading license, but it does not set solar power tariffs.
Why this question was asked?
India plans to invest $480 million to set up its first unit for manufacturing solar silicon cells that will feed a project to build the world’s largest solar power plant.