Consider the following statements about Jalipa-Kapurdi thermal power project of Rajasthan?
1. This power project is lignite based
2. It has been installed by the private developer
Which of the above statement is/are correct?

A. Both 1 and 2 are incorrect.

B. Only statement 2 is correct.

C. Both 1 and 2 are correct.

D. Only Statement 1 is correct.

Answer: Option C