Pace Digitek has been awarded a major contract worth ₹7.02 billion by Damodar Valley Corporation for a 250 MW/500 MWh battery energy storage system in Maithon, Jharkhand. The agreement covers supply, construction, and a 12-year maintenance period, representing the firm's first major win for the upcoming 2026-27 financial year.
Pace Digitek has finalized agreements totaling ₹7.02 billion with the Damodar Valley Corporation (DVC) for the development of a large-scale battery energy storage system (BESS) in Maithon, Jharkhand. DVC is a prominent Indian government-owned power utility operating in the Damodar River valley, while Pace Digitek is an integrated energy infrastructure provider specializing in storage solutions. This engagement, the company's inaugural BESS win for the 2026-27 fiscal year, involves a 250 MW/500 MWh facility.
The scope encompasses the full spectrum of project delivery, including supply, engineering, procurement, and construction (EPC), alongside civil and structural evacuation infrastructure. Following an 18-month execution phase, the company will provide comprehensive operations and maintenance (O&M) services for 12 years. This development underscores the accelerating deployment of utility-scale storage to manage intermittent renewable energy and ensure grid stability. The project expands the company’s total storage portfolio to over 5 GWh, strengthening its position in the domestic energy transition market.
For investors and industry stakeholders, the 12-year O&M component is significant, as it ensures long-term revenue visibility and highlights a shift toward lifecycle-based service models in the clean energy sector. As India pursues ambitious decarbonization targets, such high-capacity storage projects are critical for integrating variable power into the national grid, signaling strong regional momentum for BESS technology in industrial corridors. This contract reflects growing institutional confidence in large-scale storage as a viable solution for grid support and renewable integration.
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