Pace Digitek Limited has clinched a major contract worth Rs. 1,159.31 crore from the Solar Energy Corporation of India Ltd (SECI) for a 600 MW/1200 MWh Battery Energy Storage System (BESS). The agreement includes the design, supply, implementation, and 10-year maintenance of the BESS, marking a significant milestone in India’s renewable energy sector.
Project Scope and Timeline
The contract covers end-to-end responsibilities, including BESS DC blocks, HVAC systems, fire protection, power conversion systems, battery management, and energy management systems. Pace Digitek will also handle integration, testing, commissioning, and plant performance demonstration, ensuring a fully operational energy storage solution.
The project will be executed in phases: 50% of capacity is expected to be commissioned within 14 months, and full capacity within 16 months from the contract’s effective date. Supply milestones are scheduled accordingly, with 50% of the system delivered in 11 months and the remaining 100% in 13 months.
Significance of the Order
This BESS project is crucial for managing the intermittency of renewable energy sources, ensuring grid stability and reliable power supply. For Pace Digitek, the contract strengthens its position in the energy storage sector, demonstrating its capability to deliver large-scale, technologically complex solutions. The order also enhances the company’s order book and is expected to positively impact its financial outlook.
Market Implications and Strategic Impact
Battery Energy Storage Systems are gaining prominence as India accelerates its renewable energy targets. The SECI contract reinforces Pace Digitek’s role as a key player in supporting the nation’s renewable energy transition and improving grid reliability. Analysts and investors may view this development as a strong indicator of the company’s growth trajectory and its potential to secure future large-scale projects.
Outlook
As India continues to expand its renewable energy capacity, Pace Digitek’s expertise in energy storage positions it to capitalize on rising demand. This project aligns with national goals of sustainable energy adoption, grid enhancement, and clean power reliability, further cementing the company’s reputation in the evolving energy landscape.
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