Saudi Arabia: L&T’s arm bags order to set up solar power project in Saudi Arabia

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The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia. The firm didn’t disclose the worth of the contract, however stated the orders fall beneath the “major” class, which ranges between Rs 5,000 crore and Rs 7,000 crore, in accordance to the classification of contracts.

The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has secured a turnkey EPC contract, from the consortium of ACWA Power and the Water and Electricity Holding Company for Sudair Solar PV Project of 1.5GW capability, an organization assertion stated.

According to assertion this project is taken into account the biggest Solar Plant in Saudi Arabia with power buy settlement (PPA) signed. It can be one of many largest such crops in the world.

The EPC (engineering procurement building) contract, was awarded by the consortium of ACWA Power and the Water and Electricity Holding Company, a subsidiary of the Public Investments Fund of Saudi Arabia (PIF).

“We have been building efficient power transmission and distribution networks with modern substations and transmission lines in this region for more than two decades. This is yet another recognition of our capabilities to construct mega projects to speed and scale,” T Madhava Das, Whole-Time Director & Senior Executive Vice President (Utilities), L&T stated.

The project that’s coming up in Riyadh Province has a 30.8 sq. kilometre land parcel obtainable to set up a complete capability of 1.5GW PV Solar modules with related single axial tracker and inverters.

“With several GWs of solar EPC experience, L&T has emerged as a global technology player for solar plants,” stated S N Subrahmanyan, CEO & Managing Director, Larsen & Toubro in the assertion.

L&T has been a supplier of EPC companies for a number of inexperienced initiatives in latest years. The L&T has over 2.1 GW of Utility Scale Solar initiatives commissioned and are additionally working and sustaining a number of of them.

Larsen & Toubro is an Indian multinational engaged in EPC initiatives, hi-tech manufacturing and companies with over USD 21 billion in income. It operates in over 30 nations worldwide.

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