L&T wins major contract for Acwa's 1.5GW Saudi solar project
RIYADH, April 10, 2021
India's top engineering and construction conglomerate Larsen & Toubro (L&T) said its renewables arm has secured a turnkey engineering, procurement and construction (EPC) contract for Sudair Solar PV Project with a 1.5GW capacity.
The contract was awarded by a consortium of Acwa Power and the Water and Electricity Holding Company - a subsidiary of the Public Investments Fund of Saudi Arabia (PIF) - to L&T Power Transmission & Distribution Business.
Coming up in Riyadh Province over a 30.8 sq km area, the Sudair Solar PV project is said to be the largest solar plant in the kingdom.
The ambitions of Saudi Arabia’s National Renewable Energy Program (NREP) are on track. As part of the NREP, Sudair Solar PV Project is awarded to PIF and its partner, Acwa Power.
This project is part of the 70% of the target capacity of 58.7 GW of the kingdom assigned to PIF, while Renewable Energy Project Development Office (Repdo) would undertake competitive tendering for the remaining 30%, as announced by the Ministry of Energy in 2019.
On the contract win, CEO and Managing Director SN Subrahmanyan said: "With several GWs of solar EPC experience, L&T has emerged as a global technology player for solar plants."
"L&T has been a provider of EPC services for several green projects in recent years. We are India’s largest EPC company to build hydel power plants, the largest market player to build nuclear power plants with a total capability of 9360 MWe, including some ongoing projects, on an EPC turnkey basis with the capacity to make important critical components like steam turbines, generators, end shields and other critical equipment," stated Subrahmanyan.
"We have the largest market share of the Flue Gas Desulfurization (FGD) units for fossil fuel power plants. L&T has over 2.1 GW of Utility Scale Solar projects commissioned and are also operating and maintaining several of them," he noted.
"We have a diversified renewable portfolio of 32MW Floating Solar Power Plants, 135 MWH of Battery Energy Storage projects, 500 Micro Grids and 14000 Solar Water Pumps. L&T is also working on potential solutions related to Green Hydrogen and Carbon Capture & Storage technologies. Securing this project is a major milestone in our clean and green energy path to fight the climate crisis that the world faces," he added.
Whole-Time Director and Senior Executive VP (Utilities) T. Madhava Das said: "Saudi Arabia aims to become a pioneer in Renewable Energy and we are happy to be a part of this journey. We have been building efficient power transmission and distribution networks with modern substations and transmission lines in this region for more than 2 decades."
"This is yet another recognition of our capabilities to construct mega projects to speed and scale," he added..-TradeArabia News Service