In a significant boost to its renewable energy portfolio, Pace Digitek Limited has announced the receipt of a major award from Karnataka Renewable Energy Development Limited (KREDL).
The project, valued at approximately Rs. 17,750 million (inclusive of GST), marks a substantial milestone for the Bangalore-based company.
The contract involves the development of a 250 MWAC Solar PV Project integrated with a high-capacity 250 MW/1100 MWh Battery Energy Storage System (BESS).
This large-scale infrastructure will be situated at the renowned Pavagada Solar Park in Karnataka, further solidifying the region’s status as a hub for green energy.
Key Project Financials and Timelines Investors should note the specific commercial terms of this domestic award:
- Tariff Structure: The project has been awarded at a tariff of Rs. 5.51 per unit.
- Execution Period: The company is slated to execute the project within 18 months from the signing of the Power Purchase Agreement (PPA) or Battery Energy Storage Purchase Agreement (BESPA).
- Long-term Operational Value: Once commissioned, the plant is expected to remain operational for 25 years, providing a steady, long-term revenue stream based on the provisions of the Request for Selection (RfS).
This move highlights Pace Digitek’s growing capabilities in managing complex, large-scale renewable projects that combine generation with sophisticated storage solutions.
The company, formerly known as Pace Digitek Private Limited, continues to expand its footprint in the domestic energy sector with no promoter or related party interests involved in this specific contract.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
सभी धर्मों और कर्मों को त्यागकर केवल मेरी शरण में आओ। मैं तुम्हें सभी पापों से मुक्त करूँगा।
Abandon all religious duties and take refuge in Me alone. I will free you from all sinful reactions and protect you always.
