Larsen & Toubro (L&T) has finalized mega orders for solar power plants in the Middle East.
In a stock exchange filing, L&T said that its Renewable arm has finalized mega orders with a leading (unnamed) developer in the Middle East to build two gigawatt-scale solar PV plants, with a cumulative capacity of 3.5 GW.
The scope of the order also includes grid interconnections encompassing pooling substations and overhead transmission lines.
Detailed engineering and initial construction work are expected to commence shortly, L&T said.
Though the L&T release did not specify the value of the orders, it is estimated to be in the range of Rs.10,000 crore to Rs.15,000 crore.
Last month, L&T announced having won a solar-cum-storage plant order in India. Now, with the fresh mega orders from the Middle East, L&T’s renewables portfolio is poised to reach 22 GWp (Gigawatt Peak) cumulative capacity, comprising solar and wind generation projects already commissioned and those in the making.
T Madhava Das, Whole-time Director & Sr Executive Vice President (Utilities) – L&T, said, “The successive order wins stand testimony to our proven engineering and project management capabilities to meet the requirements in terms of plant performance, workforce mobilisation, safety, quality and timeline. We cherish this level of customer trust”.
Commenting on the mega orders, S N Subrahmanyan, Chairman & Managing Director – L&T, said: “The Middle East is far ahead in creating sustainable energy infrastructure and in providing a smart lifestyle. These orders are welcome additions to our green portfolio, as we build the company of the future with next-generation technologies.”
Also read: L&T Wins Mandate For Solar Cum Energy Storage Plant In Bihar
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