LSPDCL Issues RFP for INR 30 Crore Term Loan for Kanpur Solar Park Projects

Lucknow Solar Power Development Corporation Ltd. (LSPDCL), a 50:50 joint venture between UPNEDA and SECI, has issued RFP seeking INR 30 Crore term loan to fund infrastructure development in two solar power parks in Kanpur Nagar and Kanpur Dehat districts. The loan will be equally split, with INR 15 Crore allocated for each project.

The two projects include 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 100 percent government land on a 30-year lease through UPNEDA. The Detailed Project Reports have been approved at INR 21.90 Crore for Kanpur Nagar and INR 22.24 Crore for Kanpur Dehat. Both parks qualify for 30 percent Central Financial Assistance (CFA), with the balance funding structured on a 30:70 debt-equity basis, making this term loan critical for timely infrastructure development.

The loan structure specifies a four-year tenure, including a two-year moratorium followed by a two-year repayment period. Bidders must be Scheduled Commercial Banks, Financial Institutions, or government-controlled NBFCs, with net worth over the last three financial years exceeding paid-up capital, certified by a Chartered Accountant and supported by audited statements. Consortium bids of up to three members are permitted, with the lead partner meeting eligibility criteria and formalized through a consortium agreement.

The tender follows a Single-Stage, Two-Envelope e-tendering process with pre-bid registration required with U.P. Electronics Corporation Ltd. (UPLC). The online bid submission deadline is February 17, 2026, 6:55 PM. Technical bids will be opened on February 18, 2026, at 12:30 PM, with financial bids opened later for technically qualified bidders. Original power of attorney and consortium documents, where applicable, must be physically submitted prior to technical bid opening.