Andhra Pradesh: Bondada Wins 2 GW Solar Allocation

Hyderabad-based Bondada Engineering received a Government Order (GO) from the Andhra Pradesh Energy Department for the allocation of 2,000 MW AC / 2,600 MWp DC solar power, the company said in a regulatory filing. It added that the capacity was secured for these projects at various locations across the Ananthapuramu and Sri Sathya Sai districts.

The company said it had submitted detailed proposals for establishing solar power projects aggregating to the above-mentioned capacity at two locations:

• Sri Sathya Sai District: Villages in Roddam and Kothacheruvu Mandals

• Ananthapuramu District: Villages in Gooty, Peddavadugur, Vidapanakallu, Peddapappur, and Narpala Mandals

These proposals were considered in the State Investment Promotion Board (SIPB) meeting held on May 15, 2025, during which the SIPB approved the allocation of the proposed solar power capacity. The allocation is subject to ensuring there is no overlap with areas already allotted to other developers for renewable energy (RE) projects or wind resource assessment studies.

Project Overview

Bondada Engineering plans to implement the within 24 months, in accordance with the guidelines outlined in the Andhra Pradesh Integrated Clean Energy Policy – 2024. The present order of Rs. 9,000 Crs shall increase the order book of the Company to approximately Rs. 14,000+ Crs. Apart from this, the Company expects to add a revenue of Rs. 1,160 Crs from IPP from FY 2029 onwards. Bondada Engineering also plans to create employment impact 3,900 jobs in Andhra Pradesh through this project.

Other companies have also pledged significant investments in Andhra Pradesh’s renewable energy sector. Jupiter Renewables Private Limited committed ₹2,700 crore for solar cell and module manufacturing, while Amplus Energy Solutions Pvt Ltd, Kadapa, pledged ₹3,941 crore for a wind-solar hybrid power project. Deshraj Solar Energy Pvt Ltd, Anantapuramu and Sri Sathya Sai districts, committed ₹2,920 crore for wind power generation.

These commitments form part of the ₹33,720 crore approved by the State Investment Promotion Board (SIPB) at its sixth meeting in May 2025, which is expected to create 34,621 jobs.

Revenue Contribution to Group

Bondada also shared the below-mentioned execution plan for the project through its subsidiary, i.e., Bondada Renewable Energy Private Limited

• FY 2026 – 250 MW IPP implementation

• FY 2027 – 750 MW IPP implementation with projected IPP revenue of ₹145 crore

• FY 2028 – 1,000 MW IPP implementation with projected IPP revenue of ₹580 crore

• The projected annual IPP revenue for the next 25 years from FY 2029 onwards is ₹1,160 crore

• EPC Revenue: Additional EPC revenue of ₹9,000 crore added

• Cumulative order book: ₹14,000+ crore to be executed over three years