Larsen & Toubro (L&T) in India is one of the top most contractors in the world. This is a well known Indian multinational technology, engineering, construction, manufacturing and financial service, with its headquarters at Mumbai. In this April 2021, they have made an announcement to set up a Sudair Solar power plant project in Saudi Arabia.
The total capacity is 1.5 gigawatts for the Riyadh based plant in the power purchase agreement. This project is considered to be the largest solar plant in Saudi Arabia and is also one of the largest such plant in the world. The construction contract and turnaround engineering procurement for this plant has been secured by the L&T. L&T is one of the world’s top 30 contractors and they run this through their Power Transmission and Distribution business. The value is estimated to be around ₹5000 crore to ₹7000 crores under the major category, which has not been disclosed yet.
The company said that this project will cover a 30.8 square land for the installation of 1.5 GW PV Solar modules. The Public Investment Fund (PIF) solar project is an important investment in renewables for the Kingdom’s energy goals. This project is part of the 70 percent target capacity of 58.7GW, the kingdom has assigned to the PIF. L&T is also working on potential solutions related to green hydrogen and carbon capture & storage technologies and this project is to be dire to the company’s clean and green energy portfolio to battle the climate crisis, said Subrahmanyan, Chief Executive and Managing Director of L&T. In the press statement of L&T they revealed that, this contract was awarded by an alliance of Electricity Holding Company and ACWA Power. For more than 2 decades this company have been building efficient power transmission and distribution networks with modern substations and transmission lines in this region. And this is yet another recognition to their capability and they feel happy to be a part of the journey in being a pioneer in renewable energy said, T Madhava Das, whole time director & executive VP, L&T.