Pace Digitek Limited has announced the receipt of multiple contracts from Damodar Valley Corporation (DVC) for a 250MW / 500MWh Battery Energy Storage System (BESS) project located in Maithon, Jharkhand. The total value of these awarded contracts amounts to ₹7,019.54 Million (approximately ₹702 crore), inclusive of GST. The scope of work encompasses the supply of plant and equipment along with mandatory spare parts, EPC services covering design, engineering, installation, testing, and commissioning, as well as a comprehensive 12-year Operation & Maintenance (O&M) agreement for the project. The contracts are to be executed within 18 months from the receipt of the Letter of Award for the supply and EPC components, with the O&M contract spanning 12 years. The aggregate contract value is broken down into ₹5,737.28 Million for the Supply Contract, ₹574.26 Million for the EPC Services Contract, and ₹708.00 Million for the O&M Contract.
