L&T to build energy infra for the world’s largest green hydrogen plant
Larsen & Toubro (L&T) announced in a statement that its power transmission and distribution business will put up infrastructure for the world’s largest green hydrogen plant being developed by NEOM Green Hydrogen Company.
NGHC is a balanced joint venture between ACWA Power, Air Products, and NEOM located in Oxagon, Saudi Arabia’s NEOM zone. The venture intends to build a massive plant capable of producing green hydrogen on an unprecedented scale and exporting it to the rest of the world in the form of green ammonia.
The project has received the backing of 23 banks and financial organizations at the local, regional, and global levels, with a total investment of $8.4 billion. As of today, the project has reached financial completion, and construction activities are proceeding as scheduled.
“A few quarters back, L&T received the nod to establish the renewable energy generation, storage, and grid infrastructure, from Air Products, the system-integrating EPC contractor and exclusive off-taker of green ammonia to be produced from the project,” said the release.
It went on to say that the packages granted to L&T totaled $2.779 billion. Under the power elements package, L&T will engineer, procure, and build a 2.2 GW PV solar plant, a 1.65 GW wind generation balance of plant, and a 400 MWh battery energy storage system.
L&T will also build three 380 kV Switching Stations, 306 kilometers of 380 kV overhead wires, and underground cables for the Kingdom’s Grid network. The scope of work also includes the complete network’s Energy Power Monitoring System (EPMS).
Commenting on the development, the CEO and MD of Larsen & Toubro, S. N. Subrahmanyan said, “Such initiatives at scale have the potential to speed up global energy transition. Also, these technology-led projects are aligned with L&T’s aspirations towards propelling our next wave of growth and reflect the customer’s trust in our commitment to professionalism, timely delivery, and quality”.
T . Madhava Das, whole-time director & senior executive vice president (Utilities), Larsen & Toubro said, “We are proud to be associated with the project that will integrate 4GW of renewable energy to enable the production of up to 600 tonnes of carbon-free hydrogen per day.”
In a recent statement, Wolfgang Brand, Vice President of NEOM Green Hydrogen at Air Products, the prime EPC contractor and system integrator for the entire plant, expressed excitement about the progress being made towards the world’s largest green hydrogen production facility in NEOM.
“We are pleased to commence the full execution of this lighthouse project and are proud to work with our partner L&T in their ambition to produce carbon-free hydrogen using renewable energy,” said Brand.