Bondada Engineering Limited, previously known as Bondada Engineering Pvt Ltd, has recently announced the successful commissioning of its first 2MW Solar PV Power Project located in Hyderabad, Telangana. The project, which marks a significant milestone for the company, is expected to contribute to India's growing commitment to renewable energy. With the commissioning of the 2MW solar project, Bondada Engineering enters the renewable energy sector with a focus on solar power generation, in line with its strategy to diversify its operations.

The power generated by this solar project will be purchased by Bharat Heavy Electrical Limited (BHEL) under a Power Purchase Agreement (PPA) with a 25-year validity. This agreement guarantees a long-term revenue stream for Bondada Engineering while furthering BHEL's commitment to sustainable energy sources. The successful commissioning of this project demonstrates Bondada Engineering's capability in executing renewable energy projects, highlighting its expertise in the energy sector.

Additionally, Bondada Engineering has received an official Commissioning Certificate from BHEL, certifying the 100% completion of the solar project. This marks the official operational status of the solar PV power generation unit, which is now fully functional and ready to contribute to the renewable energy grid.

Bondada Engineering's Commitment to Sustainability

With this successful 2MW Solar PV Power Project, Bondada Engineering not only enters the renewable energy sector but also showcases its commitment to sustainability. The company is dedicated to contributing to the global transition to renewable energy through clean power generation, further aligning itself with India's renewable energy goals. This project serves as a vital step in the company's long-term growth and strategic diversification.

Impact on the Renewable Energy Sector

The commissioning of this solar power project is a major development for the Indian renewable energy sector, highlighting the growing role of private players in driving the country’s clean energy agenda. As more companies like Bondada Engineering invest in solar energy projects, India continues to advance toward its ambitious renewable energy targets, including the goal of achieving 500GW of non-fossil fuel-based energy capacity by 2030.

The long-term power purchase agreement with BHEL ensures that the electricity produced by the 2MW Solar PV Power Project will have a secure buyer for the next 25 years, making it a sustainable and profitable venture for Bondada Engineering.

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About Bondada Engineering Limited

Bondada Engineering Limited is a leading player in the engineering and technology services sector, known for its diverse portfolio, which spans across power, energy, and engineering solutions. Headquartered in Hyderabad, Telangana, the company has built a reputation for delivering innovative engineering solutions across various sectors, including solar energy, infrastructure, and industrial manufacturing. With a focus on sustainability and technological advancements, Bondada Engineering continues to explore renewable energy opportunities to diversify its offerings and align with the future of clean energy.

Future Outlook

Looking forward, Bondada Engineering plans to expand its solar power portfolio, leveraging its expertise and strong industry relationships to scale up future IPP (Independent Power Producer) projects. As the solar energy market in India continues to grow, Bondada Engineering aims to play a pivotal role in meeting the country's energy demands while adhering to sustainability practices.

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