L&T's arm to set up 1.5-GW solar plant in Saudi
The Renewables arm of Larsen & Toubro's (L&T) power transmission and distribution business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia.
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New Delhi: The Renewables arm of Larsen & Toubro's (L&T) power transmission and distribution business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia.
The company did not disclose the value of the contract, but said the orders fall under the "major" category, which ranges between Rs 5,000 crore and Rs 7,000 crore, according to the classification of contracts. The Renewables arm of Larsen and Toubro's Power Transmission and 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 capacity, a company statement said.
According to statement this project is considered the largest Solar Plant in Saudi Arabia with power purchase agreement (PPA) signed. It is also one of the largest such plants in the world. The EPC (engineering procurement construction) 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).
