Pace Digitek has secured a 250 MW solar project from Karnataka Renewable Energy Development Ltd (KREDL). The contract is valued at an estimated 1,775 INR-Crore. The company received a Letter of Award (LoA) under a tariff-based competitive bidding process. Meanwhile, the project will be executed at Pavagada Solar Park, Karnataka.
The scope includes setting up a 250 MW solar photovoltaic plant. Additionally, the project will integrate a 250 MW / 1,100 MWh Battery Energy Storage System (BESS). The storage component will support grid stability and peak-hour supply. Furthermore, the project will operate under an interim tariff framework approved by the Karnataka Electricity Regulatory Commission. The discovered tariff stands at 5.51 INR per unit.
Also Read: Upcoming MPIDC PM MITRA Park (Package I), Dhar, Madhya Pradesh
The Pace Digitek solar project will further strengthen the company’s presence in utility-scale renewable energy and energy storage development in Karnataka. Moreover, it will support the efforts to supply peak power and optimize grid utilization in the state.
Biltrax Construction Data is tracking 37,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
