Explanation:

Only statement 2nd is correct.

About Punatsangchhu-II Hydropower Project

• It is a 1 GW run-of-the-river hydroelectric power-generating facility under construction in the Wangdue Phodrang district of Bhutan.

• It is located on the right bank of the Punatsangchhu River in the Wangdue Phodrang district in Western Bhutan.

• The project is being developed by the Punatsangchhu II Hydroelectric Project Authority, under an Inter-Government Agreement (IGA) between the Royal Government of Bhutan and the Government of India.

•  It is funded by the Government of India (GoI): 30% grant and 70% loan at 10% annual interest, repayable in 30 equated semi-annual installments commencing one year after the mean date of operation.

• The project Authority shall be dissolved within two years after the commissioning, and the project shall be handed over to the Royal Government of Bhutan.

Hence option 2nd is correct.