India’s top engineering and construction firm Larsen & Toubro (L&T) has announced that one of its key units – Power Transmission and Distribution (T&D) – has achieved major milestones with regard to the $2.8 billion power elements and grid packages for setting up the world’s largest green hydrogen plant in Saudi futuristic city NEOM.
The project is being developed by NEOM Green Hydrogen Company (NGHC), a joint venture between between Saudi utility project developer Acwa Power, global industrial gases leader Air Products and NEOM.
NGHC is setting up the mega plant to produce green hydrogen at-scale for global export in the form of green ammonia at a total investment of $8.4 billion.
Supported by 23 local, regional, and international banking and financial institutions, the project has now achieved full financial close, and construction is moving forward.
A few quarters back, L&T said it had received the nod to establish the Renewable Energy Generation, Storage and Grid infrastructure, from Air Products, the system integrating EPC contractor and exclusive off-taker of green ammonia to be produced from the project.
The value of the packages awarded to L&T aggregate to $2.779 billion. Since then, significant progress has been achieved in various activities including surveys, design & engineering, establishment of temporary facilities and procurement of long lead items, it stated.
Under these contracts, T&D business will engineer, procure, and construct a 2.2 GWac PV solar plant, 1.65 GW wind generation balance of the facility as well as a 400 MWh Battery Energy Storage System at Oxagon, a key development within the NEOM and also be home to advanced and clean industries with industrial innovation at its core.
It will also construct three 380 kV switching stations in addition to setting up 306 km of 380 kV overhead lines and UG cables required for the kingdom’s grid network, said the Indian construction giant.
The scope also includes the Energy Power Monitoring System (EPMS) for the complete network, it added.
