L&T Construction To Build World's Largest Green Hydrogen Plant At NEOM
Larsen & Toubro Construction is all set to build the world’s largest green hydrogen plant at NEOM, as per the company's statement.
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 three 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.
The value of the packages awarded to L&T aggregate USD 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.
S. N. Subrahmanyan, CEO and MD of Larsen & Toubro, 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”.
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 USD 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 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.
“NGHC is excited to be leading the global energy transition and having the right partners is essential in making this happen, so we are thrilled to be working with Larsen & Toubro on our green hydrogen generation, grid infrastructure and storage”, added David R. Edmondson, CEO of NEOM Green Hydrogen Company.
