India’s L&T wins order for world’s biggest solar power plant in Saudi Arabia

India’s L&T wins order for world’s biggest solar power plant in Saudi Arabia

DUBAI: Mumbai-headquartered Larsen & Toubro (L&T) has secured a contract to build the Sudair solar PV project in Saudi Arabia. The renewables arm of L&T's Power Transmission and Distribution business has bagged the turnkey engineering, procurement, and construction contract for the Riyadh plant, which has a total capacity of 1. 5 gigawatts - the biggest in the world. "The project that is coming up in Riyadh Province has a 30. 8 square kilometre land parcel available to install a total capacity of 1. 5GW PV Solar modules with associated single axial tracker and inverters," the company said in a statement. The Public Investment Fund (PIF) solar project is part of the Kingdom's push to invest in renewable energy. It is also part of the PIF's 70 percent target capacity of 58. 7 gigawatts. DUBAI: Dubai's Roads and Transport Authority (RTA) will fully digitize its bank guarantee management process, cutting its paper usage by 100 percent, it announced on Saturday. The government entity signed a deal with Dubai's biggest bank, Emirates NBD, to migrate its transactions online using the bank's Smart Guarantee Trade Finance Platform. The platform enables end-to-end paperless handling of guarantees including viewing transaction details online, and making amendments,