Considering the following statements Jammu Kashmir Power Corporation ltd has recently entered into a...........

Jammu and kashmir Economy

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Considering the following statements:

Jammu Kashmir Power Corporation ltd has recently entered into agreement for purchase of renewable energy at an estimated cost of Rs 2.52 per kWh for the next 25 years.
This purchase agreement offers the lowest rate ever to the corporation.

Which of the above statements is/are correct?

1 only

2 only

Both

None

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Explanation:

The council of Jammu Kashmir Power Corporation ltd recently approved the purchase of 200 MW Solar Power through the Solar Energy Corporation of India (SECI) to meet the growing power demand and promote the use of green and clean energy in Jammu and Kashmir.

The decision will allow the purchase of renewable energy at an estimated cost of Rs 2.52 per kWh for the next 25 years, which is by far the lowest rate ever offered to Jammu and Kashmir.

It will also ensure enhanced power reliability due to diversity in the power bucket of Jammu and Kashmir.