With reference to the Renewable Energy sector, consider the following statements:
1. Now, SECI, NTPC, NHPC or any other implementing agency on behalf of Ministry of New & Renewable Energy (MNRE) may accept Earnest Money Deposit (EMD), in the form of Bank Guarantee(s) or ‘Payment on Order instrument’.
2. Indian Renewable Energy Development Agency Limited (IREDA), Power Finance Corporation Limited (PFC) and REC Limited (REC) are the three NBFC under Ministry of Finance.
Which of the statements given above is/are correct?