Pace Digitek Ltd has received a Letter of Award from Karnataka Renewable Energy Development Limited (KREDL) for the development of a ₹1,775 crore, large-scale renewable energy project at the Pavagada Solar Park. The project marks a significant milestone for the company as it further strengthens its capabilities in integrated solar and energy storage solutions.
The order involves the development of a 250 MW solar photovoltaic power project integrated with a 250 MW / 1,100 MWh Battery Energy Storage System (BESS) at Ryapte in Pavagada, Karnataka. Awarded under a tariff-based competitive bidding process (Tranche I), the project is designed to deliver dispatchable, peak-hour power and improve grid stability in the state.
Following this win, Pace Digitek’s consolidated order book has expanded to ₹10,242 crore, led by a robust ₹7,779 crore in the energy segment, which includes solar EPC, standalone BESS, solar-plus-BESS and balance-of-system projects. The telecom segment contributes ₹2,463 crore, reflecting the company’s diversified presence across telecom infrastructure and energy solutions.
The Pavagada project win shows Pace Digitek’s strategic approach towards grid-scale renewable energy paired with storage, an area gaining momentum as India accelerates its transition to clean energy while managing intermittency challenges. The project will supply power at an interim tariff of ₹5.51 per unit, as adopted by the Karnataka Electricity Regulatory Commission (KERC), with viability gap funding support.
Power from the project will be evacuated through the existing KSPDCL Pooling 220/66 kV Substation No. 6, with commercial operations scheduled to commence within 18 months of the power purchase agreement signing. The project has a 25-year operational life, providing long-term revenue visibility.
With this award, Pace Digitek’s cumulative BESS order book crosses 5 GWh, showing its growing stature in one of the most critical segments of India’s energy transition. The integration of large-scale storage is expected to play a pivotal role in meeting peak demand, enhancing grid reliability and supporting higher penetration of renewable energy.
The company also highlighted its commitment to domestic manufacturing, with a minimum of 20% local content planned for the project, including the deployment of its indigenously developed Energy Management System (EMS) software.
Chairman and MD Venugopal Rao Maddisetty said the project reflects Pace Digitek’s evolving execution capabilities in delivering complex, integrated renewable energy infrastructure. He added that the company remains focused on timely execution and contributing meaningfully to Karnataka’s long-term grid stability and India’s green energy ambitions.