With respect to recent resolution to introduce a new concept of ‘Renewable Generation Obligation (RGO)’ for power producers, consider the following statements.
- According to the new RGO mandate, the upcoming thermal power plants (1st April) will have to produce a minimum of 40% of the total power generated at their power plant through renewable sources.
- Power plants can generate the renewable energy either on their own or ensure the supply by procuring from other sources.
Which of the above statements is/are correct?