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.