Pace Digitek gets a ₹179.4 crore battery storage letter of intent in Delhi

What happened

• Pace Digitek said on 8 October that it received a letter of intent from BSES Rajdhani Power for a standalone battery energy storage system in Delhi.
• The project is 57.5 MW of power capacity and 115 MWh of energy storage, spread across four BSES Rajdhani grid station sites, according to Trade Brains.
• The figure of ₹179.4 crore is described by Trade Brains as the value of the letter of intent, and by SolarQuarter as the estimated capital investment in the project.
• Trade Brains reported commissioning is due within 28 weeks of the effective date of the storage agreement. SolarQuarter put it at about seven months.
• The shares closed at ₹161.85 on Thursday, down 2.18%.

Why it matters

Good to know: MW is how fast a battery can charge or discharge; MWh is how much energy it holds. A letter of intent precedes a signed contract, so terms can still change.

Key facts

Customer

BSES Rajdhani Power

Size

57.5 MW / 115 MWh

Value

₹179.4 crore

Timeline

28 weeks from the agreement's effective date

Read the source

• Pace Digitek secures 115 MWh BESS project from BSES Rajdhani Power for INR 179.4 croreSolarQuarter
• Pace Digitek in focus after receiving ₹179.4 crore BESS order from BSES RajdhaniTrade Brains