24 April 2012 08:39 [Source: ICIS news]
SINGAPORE (ICIS)--The Asian Development Bank (ADB) said on Tuesday it will lend $103m (€78.3m) to help Reliance Power build a 100 megawatt (MW) solar power plant in ?xml:namespace>
The plant, which will cost around $415m to build, will be located in the Jaisalmer district of Rajasthan and is expected to be completed in May 2013, the ADB said in a statement.
The project will share a transmission line with a nearby 40MW solar photovoltaic plant, it said.
ADB aims to commission or support 3,000MW of solar power capacity in developing member countries by May 2013, the multilateral institution said.
($1 = €0.76)
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