India's L&T bags Saudi Electricity cable contract
The contract was awarded to L&T's power transmission and distribution business unit by the National Grid Saudi Arabia, a subsidiary of SEC
Indian contractor 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 $97m in the international markets including the Saudi contract, it stated.
SEC, the largest power producer in the kingdom, had recently allocated $34m (SAR129m) for setting up new power plants, converter stations and electricity transmission networks in bid to boost the kingdom's power infrastructure.
The country expects peak electricity to hit 90,000 megawatts (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% to 62,260 MW from 56,547 MW a year earlier.