Larsen & Toubro Wins Big Solar Energy Project in the Middle East
The renewable energy division of Larsen & Toubro (L&T) has secured a major project in the Middle East. The company will build two Gigawatt Scale Solar PV plants with a leading developer in the region. These plants will have a combined capacity of 3.5 GW (Gigawatt).
The project also includes grid interconnections, pooling substations, and overhead transmission lines. Engineering and initial construction work will start soon.
Last month, L&T announced a solar-cum-storage plant order in India. With the new orders from the Middle East, L&T’s renewables portfolio is expected to reach 22 GWp (Gigawatt Peak) in cumulative capacity, including both solar and wind projects.
T Madhava Das, Whole-time Director & Sr Executive VP (Utilities) at 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.”
S N Subrahmanyan, Chairman & Managing Director of L&T, added, “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.”
Larsen & Toubro is a $27 billion Indian multinational enterprise engaged in EPC (Engineering, Procurement and Construction) Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. The company’s shares stood at Rs 3602.45 on Monday.
