India’s L&T Secures Solar Power Project in Saudi Arabia
India’s Larsen and Toubro (L&T) has made an announcement to set up a Sudair solar power plant project in Saudi Arabia.
The biggest in the world, the Riyadh-based plant in the power purchase agreement, has a total capacity of 1.5 gigawatts. L&T, one of the world’s top 30 contractors, with its Power Transmission and Distribution business, has secured the construction contract and turnaround engineering procurement for the plant.
While the value of the agreement has not been disclosed yet, it is estimated to be somewhere between ₹5,000 crore to ₹7,000 crores under the “major category”.
The project will cover a 30.8 square land parcel for the installation of 1.5GW PV Solar modules, said the company. In efforts to invest in renewables, the Public Investment Fund (PIF) solar project is important for the Kingdom’s energy goals.
L&T’s Chief Executive and Managing Director SN Subrahmanyan stated the project to be dire to the company’s clean and green energy portfolio to battle the climate crisis.
According to L&T’s press statement, the contract was awarded by an alliance of Electricity Holding Company and ACWA Power.
