Chinese grid signs agreement with Oracle Energy on Pakistani green hydrogen project
China Electric Power and Technology Co. (CET) has signed an agreement with Oracle Energy, to potentially support its green hydrogen project in Pakistan.
The Oracle green hydrogen project in Thatta, Sindh Province, Pakistan, is planned to boast a production capacity of 400MW, combining 700MW of solar and 500MW of wind power and battery storage.
Under the Memorandum of Understanding (MoU), CET will potentially develop, finance, construct, operate, and maintain the Pakistani project. If fully commissioned, the facility could produce an estimated 150,000kg of hydrogen per day (55,000 tonnes per annum), making it one of the largest projects in Asia.
Feasibility work for the production of green hydrogen and ammonia commenced in the last quarter of 2022 with German multinational engineering firm, thyssenkrupp, with initial results expected in the second quarter of 2023.
Read more: Oracle Power appoints thyssenkrupp Uhde for green hydrogen and ammonia plant study in Pakistan
In November (2022), Oracle announced it had spent $1.8m on acquiring land for the project. On a 30-year lease agreed with the Government of Sindh for a 7,000-acre site, future payments are due in 2033 and 2043.
Read more: Oracle Power invests $1.8m in Pakistan land lease deal
Member of Dubai’s ruling family, Sheikh Ahmed Dalmook Al Maktoum, who owns 70{7bfcd0aebedba9ec56d5615176ab7cebc5409dfb82345290162ba6c44abf8bc8} of Oracle Power, commented, “Oracle Energy’s vision of developing one of the largest green hydrogen production facilities globally has taken significant strides towards being realised through partnering with State Grid of China, the largest power utility in the world.”
His Highness Al Maktoum, added, “We look forward to working closely with CET and our other world class partners in maintaining this extraordinary momentum as we fulfil our stated strategy of being primarily focused on green energy development.”
Wang Bo, Vice-General Manager of CET, said, “We are very excited about the prospect of potentially financing, constructing and operating what will be Pakistan’s largest renewable power facility, a crucial process to bringing the green hydrogen project to the international markets for this crucial source of energy.”
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