Indian engineering conglomerate Larsen & Toubro (L&T) announced on Tuesday that it has secured the go-ahead to begin constructing the 300-megawatt Jeddah Solar photovoltaic (PV) Power Plant, located in Third Jeddah Industrial City, south-east of Jeddah.
The turnkey Engineering, Procurement and Construction (EPC) order was awarded by the consortium of Masdar, EDF Renewables and Nesma Company, L&T said in a press statement. Last week, the consortium had announced that the project had achieved financial close.
Earlier, L&T had announced a major order win for Saudi Arabia's largest solar PV plant, the 1.5-gigawatt Sudair Solar PV Project.
L&T said the utility scale power plant, which would be executed by the renewables arm of its Power Transmission & Distribution Business, utilises state-of art technologies including bifacial modules, single axial trackers, string inverters and robots for module cleaning.
T Madhava Das, Whole-Time Director & Senior Executive Vice President (Utilities), L&T 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.”
The consortium had announced last week that the plant will begin operation in 2022.
(Writing by SA Kader; Editing by Anoop Menon)
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.