L&T Construction to create Renewable Energy Infrastructure for the World’s Largest Green Hydrogen plant at NEOM
Mumbai : 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 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. The value of the packages awarded to L&T aggregate to 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.
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 3 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.