New Delhi: The power transmission and distribution business of Larsen & Toubro (L&T) has achieved important milestones for the power elements and grid packages of the world’s largest green hydrogen plant being built by NEOM Green Hydrogen Company, it said an official press release on Thursday.
Located at Oxagon in Saudi Arabia’s region of NEOM, NEOM Green Hydrogen Company (NGHC) is an equal joint-venture by ACWA Power, Air Products and NEOM.
NGHC is setting up a mega plant to produce green hydrogen at-scale for global export in the form of green ammonia with a total investment of $8.4 billion. Supported by local, regional, and international banking and financial institutions.
“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 added that the value of the packages awarded to L&T aggregate to $2.779 billion. Under these contracts, L&T will engineer, procure, and construct a 2.2 GW PV solar plant,1.65 GW wind generation balance of plant, and a 400 MWh battery energy storage system under the power elements package.
“Such initiatives at scale have the potential to speed up global energy transition,” said S N Subrahmanyan, CEO and MD, L&T.
T Madhava Das, whole-time director and senior executive vice-president – Utilities, L&T said that the project will integrate 4 GW of renewable energy to enable production of up to 600 tonnes of carbon-free hydrogen per day.
