Engineering, procurement, and construction company Bondada Engineering has secured a contract to develop a 2 GW solar project in Andhra Pradesh under the state’s Integrated Clean Energy Policy.

The independent power producer mode project will be set up at an estimated cost of ₹90 billion (~$1.01 billion) across 9,000 acres in the Sri Sathya Sai and Ananthapuramu districts of Andhra Pradesh.

The project is expected to be commissioned within 24 months.

To execute the project, the company has incorporated a new special purpose vehicle, Greenbond RE Park, with Bondada Engineering owning a 51% stake. The company also noted that the 9,000 acres have already been mapped and that pooling has commenced.

The company had submitted a detailed proposal to establish the solar power project, which the State Investment Promotion Board approved in May 2025.

The Andhra Pradesh government aims to add over 160 GW of renewable energy capacity and attract investments worth approximately ₹10 trillion (~$118.95 billion) under the Integrated Clean Energy Policy. The target includes 78.5 GW of solar, 35 GW of wind, and 25 GW of battery energy storage systems, along with other technologies.

The capacity additions under the policy have been planned for Andhra Pradesh DISCOMs’ procurement, export of power to other states, and also to meet commercial and industrial consumption under the open access route.

Recently, Bondada Engineering received a letter of intent from the Adani Group to supply the balance of system equipment for a 650 MW solar project at the Khavda Renewable Energy Park, Gujarat. The contract’s estimated cost is ₹10.5 billion (~$119.5 million).

In June this year, Bondada was among the winners of Tamil Nadu Green Energy Corporation’s auction to set up 500 MW/1,000 MWh standalone battery energy storage system (BESS) projects in six locations in Tamil Nadu on a build-own-operate basis. It won a capacity of 200 MW/400 MWh at a tariff of ₹246,000 (~$2,856.81)/MW/month.

In March, Bondada was one of the winners of Telangana Power Generation Corporation’s auction to set up 250 MW/500 MWh standalone BESS in the state, winning 50 MW/100 MWh each at a tariff of ₹240,347 (~$ 2,804.84)/MW/month.

Last December, Bondada secured a work order worth ₹1.08 billion (~$12.8 million) from the Bihar Renewable Energy Development Agency for a large-scale solar streetlight initiative. The project entailed designing, supplying, installing, testing, and commissioning smart solar streetlight systems on existing electric poles across rural Bihar.