New Launch10 Feb 2026, 09:31 pm
Pace Digitek Ltd Secures Order from KREDL for 250 MWAC Solar PV Project with BESS Worth Rs. 17,750 Million
AI Summary
Pace Digitek Ltd has received an award from Karnataka Renewable Energy Development Limited (KREDL) for developing a 250 MWAC Solar PV Project along with 250 MW/1100 MWh Battery Energy Storage System (BESS) at Pavagada Solar Park in Karnataka, with an approximate cost of Rs. 17,750 Million (Including GST). The project is to be executed within 18 months from the signing of the Power Purchase Agreement and will operate for 25 years based on the terms, conditions, and provisions of the Request for Selection (RfS) and Power Purchase Agreement.
Key Highlights
- Pace Digitek Ltd has been awarded a 250 MWAC Solar PV Project along with 250 MW/1100 MWh BESS by KREDL.
- The project is located at Pavagada Solar Park in Karnataka and has an approximate cost of Rs. 17,750 Million (Including GST).
- The project is to be executed within 18 months from the signing of the Power Purchase Agreement.
- The operation of the plant will span for 25 years from commissioning of the project.
- The project tariff is set at Rs. 5.51 per unit.