L&T Secures Limited Notice to Proceed for Lara Stage-III Thermal Plant Project
Larsen & Toubro (LT.NS) has received a limited notice to proceed (LNTP) from NTPC (NTPC.NS) for the main plant package of the 1.6GW Lara Stage-III thermal power project in Chhattisgarh, India. The contract involves constructing two ultra-supercritical generating units and is expected to be valued between Rs100bn ($1.04bn)–Rs150bn. L&T will handle design, engineering, manufacturing, installation, testing, commissioning, and associated civil work on an EPC basis. The project aims to enhance efficiency while reducing emissions using ultra-supercritical technology. Once operational, it is expected to supply 1.6GW of baseload power to India's grid in response to rising demand from industrial growth and urbanization. The final notice will be issued after environmental clearance and completion of the LNTP period. L&T Energy CarbonLite Solutions, a division focused on low-carbon solutions, has previously executed two similar projects for NTPC within the last two years.
Topics: Engineering & Construction Infrastructure Power Generation