Larsen & Toubro has achieved important milestones for the power elements and grid packages of the world’s largest green hydrogen plant being built by NEOM Green Hydrogen Company (NGHC). The value of the packages awarded to L&T, approved by Air Products, aggregate to USD 2.779 billion.
Jun 1, 2023
The Power Transmission & Distribution Business of Larsen & Toubro recently announced that it has bagged the power elements and grid packages of the world’s largest green hydrogen plant being built by NEOM. NEOM Green Hydrogen Company (NGHC), a joint-venture by ACWA Power, Air Products and NEOM, is setting up a mega plant to produce green hydrogen at-scale for global export in the form of green ammonia with a total investment of USD 8.4 billion. The value of the packages awarded to L&T aggregate to USD 2.779 billion. Supported by 23 local, regional, and international banking and financial institutions, the project has now achieved full financial closure and construction is moving forward. L&T received the approval to establish the renewable energy generation, storage and grid infrastructure, from Air Products.
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Under these contracts, L&T will engineer, procure, and construct a 2.2 GWac PV solar plant, 1.65 GW wind generation balance of plant and a 400 MWh battery energy storage system under the power elements package. It will also construct 3 Nos of 380 kV switching stations, 306 km of 380 kV overhead lines, and UG cables required to the kingdom’s grid network. The scope also includes the Energy Power Monitoring System (EPMS) for the complete network. Appreciating the bold vision of the Kingdom and the project proponents, the CEO and MD of Larsen & Toubro, Mr. S. N. Subrahmanyan said, “Such initiatives at scale have the potential to speed up global energy transition. Also, these technology-led projects are aligned with L&T’s aspirations towards propelling our next wave of growth and reflect the customer’s trust in our commitment to professionalism, timely delivery, and quality”.
