# L&T awarded $30.9M STATCOM project in Saudi Arabia

Larsen & Toubro (L&T) was awarded a SAR 116 million ($30.9 million) contract by Saudi Electricity Company to install a STATCOM system at a switching station in Riyadh, Saudi Arabia. The project has a completion period of 26 months.

- Type: Contract
- Announced: 2021-11-06
- Where: Riyadh, Saudi Arabia
- Value: $30.9M
- Status: announced
- Products: STATCOM system
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Larsen & Toubro](https://endata.com/companies/263.md)
- [Saudi Electricity Company](https://endata.com/companies/8447.md) (customer)

## Sources

- [saudigulfprojects.com](https://www.saudigulfprojects.com/2021/11/lt-awarded-30-9m-statcom-project-in-saudi-arabia/), 2021-11-06: "Saudi Electricity Company (SEC) awarded the project, Installation of STATCOM at 9097 Switching station in Riyadh."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.