Pace Digitek has received a Letter of Award (LoA) from KREDL for the development of a 250 MW solar project integrated with a 250 MW 1,100 MWh Battery Energy Storage System (BESS) at Ryapte in Pavagada Solar Park, Karnataka.
The project, worth INR 17,750 million, was awarded through a rate-based competitive bidding process. It is intended to provide peak power and support grid optimization in the state. The Karnataka Electricity Regulatory Commission (KERC) has adopted an interim tariff of INR 5.51/kWh and approved viability gap financing.
Pace Digitek said the project is scheduled to be commissioned within 18 months of signing the power purchase agreement.
Post award, the company’s total consolidated order book stands at INR 102,428 million. This includes INR 77,792 million in the energy segment, which covers solar engineering, procurement and construction (EPC), standalone BESS, solar-plus-storage and balance-of-system projects, and INR 24,637 million in the telecom segment, which covers the EPC of tower infrastructure, operations and maintenance, and the supply of telecom power equipment.
The 250 MW, 1,100 MWh project increases Pace Digitek’s total BESS order book to more than 5 GWh.
“This win is a testament to Pace Digitek’s evolving capabilities in delivering large-scale, integrated renewable energy and storage solutions,” said Venugopal Rao Maddisetty, Chairman and CEO of Pace Digitek. “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 to over 5 GWh, while simultaneously enabling the delivery of switchable peak hour power tailored to long-term grid stability requirements in Karnataka.”
He added that the project will include at least 20% local content, including the company’s indigenously developed energy management system (EMS) software.
