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L&T begins constructing 300 MW Jeddah Solar PV Power Plant

13 Apr 2021 Evaluate

Larsen & Toubro’s (L&T) Power Transmission & Distribution Business has secured the go-ahead to begin constructing the 300 MW Jeddah Solar PV Power Plant. The turnkey EPC order has been received from the consortium of Masdar, EDF Renewables and Nesma Company. Awarded by Saudi Arabia's Renewable Energy Project Development Office (REPDO) to the consortium under design, finance, build and operate mode, the project has now attained financial closure after the signing of the power purchases agreement and thereby the notice o Larsen & Toubro to proceed with the construction.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Peers
Company Name CMP
Larsen & Toubro 3858.00
Kalpataru Projects 1335.50
NCC 114.55
Rail Vikas Nigam 179.80
KEC International 329.65
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