With reference to Power Sector in India, consider the following statements:

1. Rural electrification has been treated as a Basic Minimum Service under the Prime Minister's Gramodaya Yojana.

2. 100 percent Foreign Direct Investment in power is allowed without upper limit.

3. The Union Ministry of Power has signed a Memorandum of Understanding with 14 States.

Which of these statements is/are correct?

I.A.S. (Pre) 2002