To help boost private investment in renewable energy, ADB lends to RPower

To help boost private investment in renewable energy, multilateral lending agency ADB has announced $103-million (500 crore) loan to Reliance Power for setting up a 100-MW solar plant in Jaisalmer district of Rajasthan. “I would like to inform you that ADB has just agreed to extend financing for Reliance Power’s 100-MW concentrated solar thermal plant, which will be one of the largest solar power generation facilities in India and Asia as well,” ADB Director-General (Regional and Sustainable Development Department), S. Chander, said here today.