Reliance Power raises fund for its Solar power project

Reliance Power has raised external commercial borrowings of around Rs 1,588 crore ($302 million) to fund its 100 MW solar power project in Rajasthan.

The company has achieved financial closure for the largest concentrated solar power (CSP) project at Dhursar in Rajasthan’s Jaisalmer district. The 100-MW plant is being built adjacent to India’s largest thin film PV Project, the 40-MW photovoltaic project, commissioned by the company in March.

Source: HBL