Larsen & Toubro (L&T) announced today it has achieved significant milestones for the $2.779 billion power elements and grid package of the world’s largest green hydrogen plant being built in Oxagon, Saudi Arabia.
NEOM Green Hydrogen Co. (NGHC)—a joint venture between ACWA Power, Air Products, and NEOM— is setting up the green hydrogen production facility in Saudi Arabia with a total investment of $8.4 billion. The generated hydrogen will be exported to global markets in the form of green ammonia.
Supported by 23 banks and financial institutions, the project has now achieved full financial close, and construction is moving forward.
L&T is tasked with setting up the renewable energy generation, storage, and grid infrastructure for the green hydrogen production facility. A few quarters ago, it secured the job from Air Products, the system-integrating EPC contractor and also an exclusive off-taker for all the green ammonia produced at the facility.
Since then, L&T has made significant progress in various activities, including surveys, design & engineering, establishing temporary facilities, and procuring long lead items.
Under the contracts, L&T will engineer, procure, and construct a 2.2 GW AC 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 three 380 kV switching stations, 306 km of 380 kV overhead lines, and underground cables required for the Kingdom’s Grid network. The scope also includes the energy power monitoring system for the complete network.
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