Pace Digitek Ltd has received a Letter of Intent (LoI) from BSES Rajdhani Power Ltd (BSES) for the development of a 57.5 MW/115 MWh standalone battery energy storage system (BESS) in Delhi.
The project will be developed under a 12-year build, own, operate and transfer (BOOT) model, with a project capital outlay of around INR 179.4 crore. It is scheduled for commissioning within seven months from the effective date of the battery energy storage system agreement (BESSA).
Pace Digitek’s scope covers the design, supply, testing, installation, commissioning, operation and maintenance of the BESS, with an aggregate contracted capacity of 57.5 MW/115 MWh across four BRPL grid station locations. The system will be operated on an on-demand basis.
The award marks Pace Digitek’s fifth major utility-scale BOO/BOOT storage project, further strengthening its portfolio of long-term contracted energy infrastructure assets. With the addition of the BSES project, the company’s utility-scale BOO/BOOT portfolio has increased to 3.32 GWh.
Under the long-term BESSA, Pace Digitek will receive a fixed capacity tariff of INR 47.05 lakh per MW per year, translating into annual contracted capacity revenue of INR 27.1 crore.
The BSES award adds to Pace Digitek Group’s recent BESS wins, including the INR 488.6 crore order from NTPC GE Power Services for supply of standalone BESS along with AMC and warranty services, secured in September 2026.
Pace Digitek has been progressively building capabilities across the energy storage value chain, spanning BESS manufacturing, system integration, equipment supply, EPC execution and long-term ownership and operation of storage assets. The company’s energy order book comprises a diversified portfolio of BOO, EPC and supply projects, with utility-scale BESS becoming an increasingly important part of the business.
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