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LSPDCL Floats RFP to Secure Rs 30 Crore Loan for Solar Park Infrastructure in Kanpur

Lucknow Solar Power Development Corporation Ltd. (LSPDCL) has invited bids through a Request for Proposal (RFP) to arrange a Rs 30 crore term loan aimed at supporting infrastructure development for two upcoming solar parks in Uttar Pradesh’s Kanpur region. The funding will be divided equally, with Rs 15 crore allocated to each project.

LSPDCL operates as a 50:50 joint venture between Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) and the Solar Energy Corporation of India (SECI).

Project Details

The financing will support a 35 MW solar park in Village Katar, Ghatampur, Kanpur Nagar, and a 75 MW solar park in Village Leharpur, Akbarpur, Kanpur Dehat.

Both projects have secured government land on a 30-year lease facilitated by UPNEDA. The Detailed Project Reports (DPRs) have been approved at Rs 21.90 crore for the Kanpur Nagar project and Rs 22.24 crore for the Kanpur Dehat project.

Each park is eligible for 30?ntral Financial Assistance (CFA). The remaining cost will follow a 30:70 debt-equity structure, making the proposed term loan essential for executing the infrastructure components within the project timeline.

Loan Terms and Eligibility

The proposed loan will carry a four-year tenure, including a two-year moratorium period and a two-year repayment schedule.

Eligible bidders include Scheduled Commercial Banks, Financial Institutions, and government-owned NBFCs. Applicants must demonstrate that their net worth over the past three financial years exceeds their paid-up capital, supported by audited financial statements and certification from a Chartered Accountant.

Consortium bids of up to three members are permitted. However, the lead member must independently meet the eligibility criteria and formalize participation through a consortium agreement.

Bidding Process and Timeline

The tender will follow a Single-Stage, Two-Envelope e-tendering process. Interested bidders must complete pre-bid registration with U.P. Electronics Corporation Ltd. (UPLC).

Key dates include the online bid submission deadline on February 17, 2026, by 6:55 PM, and the technical bid opening on February 18, 2026, at 12:30 PM. Financial bids will be opened subsequently for technically qualified participants.

Bidders are also required to submit original power of attorney documents and consortium agreements, where applicable, before the technical bids are opened.

The proposed funding arrangement is expected to play a crucial role in advancing solar infrastructure development across the Kanpur districts.