The Power Transmission & Distribution Business of 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.
Located at Oxagon in Saudi Arabia’s region of NEOM, NEOM Green Hydrogen Company (NGHC) is an equal joint-venture by ACWA Power, Air Products and NEOM.
NGHC 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 $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.
The $2.8-billion mandate
In a release, L&T said that a few quarters back, the company 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.
Under these contracts, L&T will engineer, procure, and construct a 2.2 GWac PV Solar Plant, a 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 three 380kV switching stations, 306 km of 380kV overhead lines, and underground cables required to the Kingdom’s grid network. The scope also includes the Energy Power Monitoring System (EPMS) for the complete network.
Also read: L&T Wins Domestic And Overseas Orders In Power T&D Space
Global energy transition
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”.
The featured photograph is purely for representation.
