Blockbuster! Indian multinational engineering giant L&T Group’s power transmission and distribution business (PT&D) has achieved another milestone, winning a large scale power infrastructure order in Saudi Arabia + UAE with a total value of Rs 250-500 crore (about $285 million – $571 million)! Project highlights✅Saudi 380kV gas-insulated Substation (GIS) : The core project of the Middle East power grid upgrade, adopts cutting-edge GIS technology to improve transmission efficiency and stability, and supports Saudi Arabia’s “Vision 2030” new energy transformation.
✅220/33kV power station in ABU Dhabi, UAE: Covering power station design, construction and smart grid supporting, enabling industrial expansion and smart city energy demand in the Capital Economic Zone.
Strategic influence
🔹Middle East Energy Transformation Acceleration: The project directly targets regional carbon reduction, promotes the efficient integration of fossil energy and renewable energy, and paves the way for future energy infrastructure such as hydrogen energy and solar energy.
🔹Make in India Global breakthrough: L&T conquers the high-end market with its own EPC technology + multinational delivery capability, confirming the voice of “Indian engineering” in global infrastructure.
🔹Multi-industry synergies: The power network upgrade will activate investment in industry, real estate and digitalization, driving deep cooperation in the Middle East-South Asia supply chain.
Enterprise hard power
As the TOP 3 engineering giants in India by market value, L&T Group has a global layout in the fields of power, EPC, and defense, and has participated in the construction of landmark projects such as NEOM Future City in Saudi Arabia and Qatar World Cup infrastructure. This order further solidifies its position as the number one power solution provider in the Middle East! L&T Group wins other major energy orders in the Middle East:
Renewable energy: On July 8, 2024, L&T Group’s renewable energy division won a large contract with a Middle Eastern company to develop a solar photovoltaic power plant with a cumulative capacity of 3.5GW.deal also includes scope for grid interconnections encompassing pooling substations and overhead transmission lines.The deal is worth between Rs 1,000 crore and Rs 1,500 crore.
Big Oil and gas deal: April 5, 2023 news, L&T Group’s Oil and gas business unit（L&T Energy Hydrocarbon – LTEH）Awarded multiple offshore “mega” contracts with a total value of over Rs 7,000 crore from a client in the Middle East for the design, procurement, construction and installation of various new offshore facilities, as well as integration with existing facilities.
In late 2022, L&T received approval from Air Products for the NEOM project in Saudi Arabia to build renewable energy generation, storage and grid infrastructure, with a total contract value of up to $2.779 billion. Since then, L&T has made significant progress on several aspects of the project, including securing project contracts for power component engineering packages covering the construction of photovoltaic plants, wind farms and battery energy storage systems.
Future outlook
In the wave of energy investment in the Middle East, L&T may become the biggest winner!
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