UNPEDA JV Issues Tender For Term Loan For Boosting Infra At Kanpur Solar Parks

The Lucknow Solar Power Development Corporation Limited (LSPDCL) has issued a request for proposal to raise a ₹30 crore term loan to fund infrastructure development for two solar power parks in Uttar Pradesh. LSPDCL is a joint venture between the Uttar Pradesh New and Renewable Energy Development Agency UPNEDA) and the Solar Energy Corporation of India (SECI) Limited, and is serving as the Solar Park Implementing Agency for the projects. The last date for the bid submission is February 17. 

The proposed financing will support capital expenditure for a 35 MW solar park at Katar village in Ghatampur tehsil of Kanpur Nagar district and a 75 MW solar park at Leharpur village in Akbarpur tehsil of Kanpur Dehat district. Of the total loan amount, ₹15 crore has been allocated to each project. Both solar parks are being developed under the Ministry of New and Renewable Energy scheme for the development of solar parks and ultra-mega solar power projects. LSPDCL has already secured 100 percent government land for both sites on 30-year lease terms.

4-Year-Tenue Loan 

According to the tender document, the loan will have a total tenure of four years, including a moratorium of two years from the date of first drawdown, followed by a two-year repayment period. The interest rate will be floating and linked to a benchmark such as the RBI repo rate or a bank’s marginal cost of funds-based lending rate, with bidders required to quote a spread. LSPDCL has clarified that it will not pay separate processing, documentation, commitment, or upfront fees, and all costs must be included in the quoted spread.

The RFP is open to scheduled commercial banks and financial institutions, including non-banking financial companies, in which the Government of India or its subsidiaries hold a controlling stake. Eligible bidders must have maintained a net worth higher than their paid-up capital during the last three financial years from FY2022 to FY2025. The selection process will follow a single-stage, two-envelope system, with the contract to be awarded to the bidder offering the lowest effective interest rate.

As per the timeline outlined in the RFP, the pre-bid meeting is scheduled for February 4, 2026, at LSPDCL’s Lucknow office, while queries must be submitted by February 3, 2026. The deadline for online bid submission is 6:55 pm on February 17, 2026, with technical bids slated to be opened on February 18, 2026. The move reflects LSPDCL’s efforts to strengthen solar park infrastructure development in Uttar Pradesh as the state continues to scale up its renewable energy capacity.