Larsen & Toubro's construction arm has won a 'major' engineering, procurement and construction order for the Amaala project in Saudi Arabia's Red Sea region.
As part of the project, which is in the ₹5,000 crore to ₹10,000 crore range, the company will establish various systems related to renewable energy generation and utilities, it said in a stock exchange filing.
The project will have an optimised off-grid renewable energy system, which will comprise a 250 MWp solar PV plant and a 700 MWh battery energy storage system. The scope for power systems include three gas insulated substations, biofuel based internal combustion engines, medium voltage distribution networks and high voltage transmission lines. The water systems scope includes a 6 MLD sewage treatment plants, 37 MLD seawater reverse osmosis plant, marine works, among others.
Amaala is luxury destination, spanning 4,155 square km, which is located in the Prince Mohammed bin Salman Natural Reserve, along the northwestern coast of Saudi Arabia. Upon completion, Amaala will host 25 hotels, 900 luxury residential villas, estate homes and apartments, fine dining, recreational and wellness facilities and high-end retail establishments.
"The consortium of UAE's clean energy powerhouse, Masdar and French Electricity utility EDF has signed the concession agreement for the fully-integrated utility project with the developers of Amaala. L&T has entered into an EPC agreement with the sponsors viz EDF and Masdar," the stock exchange filing stated.
As per the company, an order in the range of ₹5,000 crore to ₹10,000 crore is classified as a 'major' order.
L&T's stock was trading 1.2% higher at ₹3,532.05 apiece at 10am on December 27.
First Published: Dec 27, 2023 10:13 AM IST
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