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L&T wins key Saudi construction contract

MUMBAI, September 21, 2016

Indian construction giant Larsen & Toubro (L&T) has won a major contract from Saudi Electricity Company (SEC) for building a 132 kV double circuit transmission line besides a 132 kV cabling in the Rafah, Arar, and Sakaka areas of the kingdom.

The contract was awarded to L&T's power transmission and distribution business unit by the National Grid Saudi Arabia, a subsidiary of SEC, said a statement from the Indian group.

L&T has bagged engineering, procurement and construction (EPC) orders worth ₹654 crores ($97.37 million) in the international markets including the Saudi contract, it stated.

SEC, the largest power producer in the kingdom, had recently allocated SR129 million ($34 million) for setting up new power plants, transformer stations and electricity transmission networks in a bid to boost the kingdom's power infrastructure.

The country expects peak electricity to hit 90,000 MW in 2022, while the installed capacity is around 70,000 MW at present.

According to SEC, the peak electricity load hit its highest level ever in August driven by local demand for power during the summer. Its peak load rose by 10.2 per cent to 62,260 MW from 56,547 MW a year earlier.

A leading Indian multinational engaged in technology, engineering, construction, manufacturing and financial services, L&T operates in over 30 countries worldwide.-TradeArabia News Service




Tags: Saudi Arabia | Construction | L&T |

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