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L&T signs $400m Riyadh-Kudmi transmission contract

20 November 2024

India-headquartered contracting firm Larsen & Toubro (L&T) has signed a contract with state utility Saudi Electricity Company (SEC) for the construction of a new 500-kilovolt (kV) high-voltage direct current (HVDC) project in Saudi Arabia.

The contract is valued at SR1.51bn ($400m).

The project involves constructing a section of the HVDC transmission lines from the Riyadh Power Plant 14 (PP14) in the capital to the southwest coastal region of Kudmi.

MEED understands that the contract was awarded on a lump-sum turnkey basis.

The other two sections of the HVDC transmission project, which has a total length of 1,089-kilometres (km), have been awarded to South Korea's Hyundai Engineering & Construction Company and Saudi Services for Electro Mechanic Works (SSEM).

Earlier this month,  Hyundai E&C announced winning a KRW1tn ($725m) contract as part of the PP14-Kudmi HVDC network project. Hyundai E&C's portion of the total package extends over 369km, and is expected to be completed by January 2027.

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Jennifer Aguinaldo

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