New Delhi, February 11 Pace Digitek announced on Wednesday that it has secured a 250 MW solar project with a 1.1 GWh battery energy storage system worth ₹1,775 crore from Karnataka Renewable Energy Development Ltd.
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 in the Pavagada Solar Park, according to a company statement.
According to the statement, Pace Digitek Ltd, an integrated provider of telecom infrastructure and energy solutions, has received a Letter of Award (LoA) from Karnataka Renewable Energy Development Ltd (KREDL), a Government of Karnataka undertaking, for the development of a renewable energy project at 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 ₹5.51 per unit with Viability Gap Funding (VGF)