Correct Option
Statement 1 is correct. The Damodar Valley Corporation (DVC), established in 1948, was the first multi-purpose river valley project of independent India. Its objectives included flood control, irrigation, power generation, navigation, and soil conservation, drawing inspiration from the Tennessee Valley Authority (TVA) in the USA.
Statement 2 is correct. DVC's power generation infrastructure encompasses a mix of sources, including coal-based thermal power stations, hydel power stations, and gas turbine-based power stations.
Incorrect Options
Options (a), (b), and (d) are incorrect as both statements 1 and 2 are factually accurate.