Larsen & Toubro (L&T) to begin construction on Jeddah solar power plant
Larsen & Toubro (L&T) said that it has been given the go-ahead to start construction on the 300MW Jeddah solar power plant in Saudi Arabia.
The Indian company’s power transmission and distribution business was given a turnkey engineering, procurement, and construction contract from the consortium of Masdar, EDF Renewables, and Nesma.
The go-ahead to Larsen & Toubro follows the financial close reached by the trio for the solar power plant in Jeddah.
The Jeddah solar power plant was awarded to the consortium by the Renewable Energy Project Development Office (REPDO) of Saudi Arabian Ministry of Energy. This was after it had prevailed in the bidding with a price of SAR60.9042 ($16.24) per megawatt hour.
The Jeddah solar project is underpinned by a 25-year power purchase agreement (PPA), which was signed by the consortium this January with Saudi Power Procurement Company (SPPC).
To be built in Third Jeddah Industrial City, 50km south-east of Jeddah, the Jeddah solar power plant will be equipped with bifacial modules, single axial trackers, string inverters, and robots for module cleaning.
T. Madhava Das – Whole-Time Director and Senior Executive Vice President (Utilities) at Larsen & Toubro said “We are thankful and happy to be a part of establishing major solar projects awarded under the umbrella of Saudi Arabia’s pioneering National Renewable Energy Programme (NREP) marking yet another milestone in our green technology path to enable clean energy transition.”