L&T Finalizes $1 Billion Solar PV Contracts in the Middle East

Larsen & Toubro (L&T), one of the top ten construction companies in India, has finalized mega orders with a leading developer in the Middle East to build two solar PV plants in the MENA region. The mega contract has an estimated value of around USD 1 billion (INR 10,000 crore)-USD 1.7 billion (INR 15,000 crore). Additionally, the plants will have a cumulative capacity of 3.5 GW. 

Recently, L&T announced having won a solar-cum-storage plant order in India. With the fresh mega engineering procurement and construction (EPC) orders from the Middle East, L&T’s renewables portfolio is poised to reach 22 GWp (Gigawatt Peak) cumulative capacity, comprising solar and wind generation projects already commissioned and those in the making.

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Mr S. N. Subrahmanyan, Chairman & Managing Director of L&T, said, “The Middle East is far ahead in creating sustainable energy infrastructure and 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.” 

Scope of the Order

The orders include grid interconnections encompassing pooling substations and overhead transmission lines. Furthermore, L&T stated that detailed engineering and initial construction work will commence shortly.

Read: L&T Secures Significant Pipeline Construction Order from ONGC

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