Mumbai, Oct. 9 -- The project will be developed under a 12-year build, own, operate and transfer (BOOT) model, with an estimated capital outlay of Rs 179.4 crore. The scope of work includes the design, supply, testing, installation, commissioning, operation and maintenance of the battery energy storage system across four BRPL grid station locations. The project is scheduled to be executed within seven months.

Under the long-term Battery Energy Storage Service Agreement (BESSA), Pace Digitek will receive a fixed capacity tariff of Rs 47.05 lakh per MW per year, translating into annual contracted capacity revenue of around Rs 27.1 crore.

Venugopalrao Maddisetty, chairman & managing director, Pace Digitek, said: "The BSES award is another ...