Bangalore: Pace Digitek Limited, an integrated provider of Telecom infrastructure and Energy solutions, has received a Letter of Award (LoA) from Karnataka Renewable Energy Development Limited (KREDL), a Government of Karnataka Undertaking, for the development of a renewable energy project at Pavagada Solar Park.
With the receipt of this order, Pace Digitek’s total consolidated order book stands at Rs. 102,428 million, comprising Rs. 77,792 million in the Energy segment (Solar EPC, standalone BESS, Solar + BESS and BOS projects) and Rs. 24,637 million in the Telecom segment (Tower infrastructure EPC, O&M and telecom power equipment supply).
The project involves setting up a 250 MW Solar PV Power Project integrated with a 250 MW / 1,100 MWh Battery Energy Storage System (BESS) at Ryapte, located within the Pavagada Solar Park.
This project, awarded under a tariff-based competitive bidding process (Tranche I), is designed to supply peak power and optimize grid utilization in Karnataka. The Karnataka Electricity Regulatory Commission (KERC) has adopted an interim tariff of Rs. 5.51 per unit with Viability Gap Funding (VGF).
Key Highlights of the Agreement:
- Total Capacity: 250 MWAC Solar PV Project along with 250 MW / 1,100 MWh BESS
- Location: Annadanapura and Reddyvarahalli, Pavagada Taluk, Tumkuru District
- Grid Connectivity: Power evacuation through existing KSPDCL Pooling 220/66kV Substation No. 6
- Timeline: Commercial Operation Date (COD) within 18 months from PPA signing
- Project Duration: 25 years
- Tariff: Interim tariff of Rs. 5.51 per unit, as adopted by KERC, with Viability Gap Funding (VGF) support
Chairman & Managing Director, Venugopal Rao Maddisetty said: “We are honoured to have been selected by KREDL for this transformative project at Pavagada Solar Park. This win is a testament to Pace Digitek’s evolving capabilities in delivering large–scale, integrated renewable energy and storage solutions. By combining 250 MW of solar power with a massive 1.1 GWh Battery Energy Storage System, the project increases Pace Digitek’s total BESS order book portfolio to over 5GWh, while enabling the delivery of dispatchable, peak-hour power aligned with long-term grid stability requirements in Karnataka.
