Lender’s Engineering Services

Independent technical due diligence to safeguard lender and investor interests.

At Varistor Engineering, our Lender’s Engineering (LE) Services provide banks, financial institutions, NBFCs, and investors with independent, unbiased technical assessment of solar and electrical infrastructure projects. We help lenders evaluate technical viability, execution risks, compliance, and long-term performance before and after financial closure.

Our objective is to protect capital, reduce risk, and ensure bankable project quality.

What is Lender’s Engineering?

Lender’s Engineering is a specialized technical due diligence service conducted on behalf of financiers and investors. It ensures that a project is technically sound, contractually compliant, and capable of delivering the projected performance and cash flows over its lifecycle.

The Lender’s Engineer acts independently of the developer and EPC, providing fact-based insights for informed credit and investment decisions.

Our Lender’s Engineering
Scope

1. Pre-Financial Closure Technical Due Diligence

Review of project concept & technology selection.
Site assessment & land suitability review
Capacity, layout & yield assumptions validation.
Review of design basis & technical specifications.
Identification of key technical risks

2. EPC Contract & Technical Document Review

EPC scope & responsibility matrix assessment.
Review of technical schedules & guarantees.
Interface risk identification.
O&M scope & performance obligations review.
Alignment with lender requirements.

3. Design & Engineering Review

Solar PV layout & DC/AC sizing validation.
Electrical SLDs, GA drawings & protection philosophy review.
MMS & structural design compliance.
Transformer, LT & HT system adequacy check.
Compliance with IEC / IS / CEA / MNRE standards.

4. Yield Assessment & Performance Review

Energy yield assessment review.
PR, CUF & degradation assumptions validation.
Loss analysis (DC, AC, transformer, availability).
Review of simulation tools & methodologies.

5. Construction Monitoring & Site Audits

Periodic site progress inspections.
Quality & workmanship assessment.
Safety & statutory compliance checks.
Construction progress vs schedule monitoring.
Independent reporting to lenders.

6. Quality Assurance & Inspection

Inspection & Test Plan (ITP) review.
Pre-Dispatch Inspection (PDI) of critical components.
Factory Acceptance Tests (FAT) witnessing.
Raw material & manufacturing quality review.
Non-conformance tracking & closure verification.

7. Construction Monitoring & Site Audits

Periodic site progress inspections.
Quality & workmanship assessment.
Safety & statutory compliance checks.
Construction progress vs schedule monitoring.
Independent reporting to lenders.

8. Quality Assurance & Inspection

Inspection & Test Plan (ITP) review.
Pre-Dispatch Inspection (PDI) of critical components.
Factory Acceptance Tests (FAT) witnessing.
Raw material & manufacturing quality review.
Non-conformance tracking & closure verification.