Multilateral funding agency Asian Development Bank today said it would provide Rs 250 crore ($48 million) loan to Reliance Power for its solar energy project in Rajasthan.
"ADB is providing a long-term loan of up to Rs 250 crore to finance the 40 MW Dahanu Solar Power Project located at Jaisalmer in Rajasthan," an official statement said. The project is expected to be completed by the second quarter of 2012.
With an aim to meet the growing water needs of the consistently expanding city, the government for the first time is mulling to exploit water of the Chenab for household use.
Decks have been cleared for mobilising resources from the World Bank (WB) and Asian Development Bank (ADB) for the development of 367 kms of roads under the second phase of the Kerala State Transpo
Devastating floods in Thailand and other parts of Asia are a wake-up call to governments to do more to cope with the effects of climate change, a top Asian Development Bank official has warned.
The State government, which has already borrowed about $650 million from external sources to upgrade some of the major roads and State highways, recently made additional borrowings of $15 million t
Gangtok: Sikkim has been officially declared as a ‘Disaster Affected State’ by the government to avail soft loans and other facilities from banks, official sources said today.
It was also to source funds from international funding agencies such as the Asian Development Bank and the World Bank, the sources said.
GUWAHATI: With Union Rural Minister Jairam Ramesh assuring the State government of providing funds from the Asian Development Bank for construction of 1,000 kms of roads in the State, State PWD Minister Ajanta Neog has asked the officials of her department to prepare the estimates for construction of roads in their respective divisions. A review-cum-estimate preparation meeting of the PWD was held at the NEDFi House in the city today.
The Asian Development Bank will provide Rs 221 crore to Reliance Power for its Rs 700-crore 40 MW solar project in Rajasthan. The US Exim Bank has already agreed to fund Rs 304 crore.
