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Private Sector | Not Classified - Saudi Arabia | PID: 194999
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The renewables arm of Larsen & Toubro’s (L&T) power transmission & distribution business has secured a turnkey engineering, procurement and construction (EPC) contract, from the consortium of ACWA Power and the Water and Electricity Holding Company, a subsidiary of the Public Investments Fund of Saudi Arabia (PIF), for Sudair Solar PV Project of 1.5 GW capacity
This project is considered the largest solar plant in Saudi Arabia with PPA signed. It is also one of the largest such plants in the world
The project that is coming up in Riyadh province has 30.8 sq km land parcel available to install a total capacity of 1.5 GW PV solar modules with associated single axial tracker and inverters. The ambitions of Saudi Arabia’s National Renewable Energy Program (NREP) are on track
As part of NREP, Sudair Solar PV Project is awarded to PIF and its partner, ACWA Power. This project is part of the 70 percent of the target capacity of 58.7 GW of the Kingdom assigned to Public Investment Fund (PIF), while Renewable Energy Project Development Office (REPDO) will undertake competitive tendering for the remaining 30 percent as announced by the Ministry of Energy in 2019
The value of the contract is in the range of Rs 5,000 crore to Rs 7,000 crore
| Updated on: 09 - Apr - 2021
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