India’s L&T bags Saudi NEOM EPC contract for green hydrogen project
Indian multinational conglomerate Larsen & Tubro (L&T) has secured a major engineering, procurement, and construction (EPC) contract from Saudi Arabia’s NEOM to work on the world’s largest green hydrogen project.
The contract was signed between NEOM Green Hydrogen Company (NGHC) — an equal joint venture created by ACWA Power, Air Products, and NEOM — its EPC contractor and system integrator Air Products, (and joint venture partner), and sub-EPC construction partner L&T, NGHC announced.
As part of the contract, L&T will be responsible for the execution of the power grid and power generation works. The agreement has been signed as a limited notice to proceed (LNTP) agreement.
According to NEOM, the EPC contract signing is an “important milestone” as it advances the construction to be onstream by 2026.