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L&T Construction bags order to set up 1.5 GW Solar Plant in Saudi Arabia

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L&T arm to set up

The Renewables arm of Larsen & ToubroтАЩs Power Transmission & Distribution Business has bagged a Turnkey EPC (Engineering, Procurement & Construction) contract to set up Sudair Solar┬аPhotovoltaic (PV) Project of 1.5 GigaWatt (GW) in Riyadh Province of Saudi Arabia.

  • It will be the largest solar plant in Saudi Arabia with a Power Purchase Agreement (PPA) signed & will also be one of the largest such plants in the World.
  • The total cost is estimated to be between INR 5000-7000 Crore in value.
  • The contract has been bagged from the consortium of ACWA Power and the Water and Electricity Holding Company┬а(a subsidiary of the Public Investments Fund of Saudi Arabia (PIF).
  • It was awarded to PIF and ACWA Power as part of Saudi ArabiaтАЩs National Renewable Energy Program (NREP).

Key Points

  • The 1.5GW PV Solar Module with associated single Axial Tracker & Inverters will be installed on a 30.8 square kilometre land parcel.
  • The project is part of 70% of the target capacity of 58.7 GW assigned to PIF.
  • Renewable Energy Project Development Office (REPDO), Saudi Arabia will undertake competitive tendering for the remaining 30%.

Recent Related News:

i.On November 17, 2020, Larsen & Toubro (L&T) delivered First Hardware тАУ a Booster Segment тАУ тАШS-200тАЩ for Gaganyaan Launch Vehicle to ISRO (Indian Space Research Organisation) in a virtual flag-off ceremony.

About Larsen & Toubro (L&T):

Chairman тАУ Anil Manibhai Naik
CEO & MD тАУ S. N. Subrahmanyan
Headquarters тАУ Mumbai, Maharashtra

About Saudi Arabia:

CapitalтАУ Riyadh
CurrencyтАУ Saudi riyal
Crown PrinceтАУ Mohammed bin Salman Al Saud