Explanation:

NTPC Ltd., one of India’s largest integrated energy company and a PSU under Ministry of Power had recently signed a Memorandum of Understanding (MoU) with Indian Institute of Forest Management (IIFM), Bhopal to implement the Narmada Landscape Restoration Project.

• The program is in partnership with a grant in aid from NTPC Ltd and United States Agency for International Development (USAID) in equal proportions.
• The 4-year project will be implemented in Khargone District of Madhya Pradesh, in the catchments of selected tributaries of the River Narmada between Omkareshwar and Maheshwar dams.
• IIFM, Bhopal, an Autonomous Institute under the Ministry of Environment, Forest and Climate Change (MoEF&CC), GoI with the grant-in-aid from NTPC, Ltd. will be jointly implementing this project with Global Green Growth Institute (GGGI), an intergovernmental organization that promotes sustainable and inclusive economic growth in emerging economies.
• GGGI will participate in this project with funding support from USAID, the international development arm of the US Government.

Hence both statements are correct.