Larsen & Toubro’s (L&T) Power Transmission and Distribution Business has accomplished significant milestones for the power elements and grid packages of a green hydrogen plant, which is being developed by NEOM Green Hydrogen Company. NEOM Green Hydrogen Company (NGHC) located in Saudi Arabia’s NEOM region, is an equal joint venture between ACWA Power, Air Products, and NEOM.
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 three 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. With a total investment of $8.4 billion, NGHC is constructing a mega plant to create green hydrogen on a large scale for global export in the form of green ammonia. The project has now reached complete financial closure.
Recently, in May 2023, L&T announced the establishment of the’ L&T Green Energy Council’, a think-tank comprising notable thought leaders. The council will be responsible to discover green energy technology trends, study growing global policy developments, evaluate emerging business models, and provide collaborative advice. The country aims to achieve energy independence by 2047 and its net zero targets by 2070.
