Renewable Energy

Pace Digitek bags ₹17,750 cr 250 MW solar + 1.1 GWh BESS project from KREDL

Pace Digitek Limited has secured a renewable energy project worth ₹17,750 million from Karnataka Renewable Energy Development Limited (KREDL) for the development of a 250 MW Solar PV power project integrated with a 250 MW / 1,100 MWh Battery Energy Storage System (BESS) at the Pavagada Solar Park. The Letter of Award marks a significant milestone for the company in large-scale, integrated renewable energy and storage solutions.

With this order win, Pace Digitek’s total consolidated order book has risen to ₹1,02,428 million, crossing the ₹1,00,000 million mark. The Energy segment accounts for ₹77,792 million, comprising Solar EPC, standalone BESS, Solar + BESS and Balance of System projects, while the Telecom segment contributes ₹24,637 million through tower infrastructure EPC, operations and maintenance services, and telecom power equipment supply.

The project will be located at Ryapte village within Pavagada Solar Park, spanning Annadanapura and Reddyvarahalli in Pavagada Taluk of Tumakuru district. Awarded under a tariff-based competitive bidding process (Tranche I), the project is designed to deliver dispatchable peak-hour power while optimizing grid utilization and enhancing power system reliability in Karnataka.

Power generated from the project will be evacuated through the existing KSPDCL Pooling 220/66 kV Substation No 6. The Commercial Operation Date is scheduled within 18 months from the signing of the Power Purchase Agreement, and the project will operate for a duration of 25 years. The Karnataka Electricity Regulatory Commission (KERC) has adopted an interim tariff of ₹5.51 per unit, supported by Viability Gap Funding.

Commenting on the development, CMD- Venugopal Rao Maddisetty said the project reflects Pace Digitek’s growing capabilities in executing complex, utility-scale renewable energy projects. He highlighted that the integration of 250 MW solar capacity with a 1.1 GWh battery energy storage system takes the company’s total BESS order book beyond 5 GWh and enables the supply of reliable, dispatchable power aligned with Karnataka’s long-term grid stability requirements.

He further stated that the company’s commitment to a minimum of 20% local content, including its indigenously developed Energy Management System software, reinforces its support for the ‘Make in India’ initiative and the creation of a self-reliant domestic ecosystem for advanced battery technologies. Pace Digitek expects to complete the project within the stipulated 18-month timeframe, contributing meaningfully to India’s green energy transition.

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