Oracle Power PLC (LON:ORCP) today unveiled a pact with China Electric Power and Technology Co, a unit of State Grid Corporation of China, to potentially work together on its 400-MW green hydrogen project in Sindh, south-east Pakistan.
The Memorandum of Understanding (MoU) calls for the parties to co-develop, finance, build, operate and maintain a planned facility to produce 55,000 tonnes of green hydrogen annually. The pact, which aims to speed up Oracle’s project, was signed by Oracle’s local joint venture with Shaikh Ahmed Dalmook Al Maktoum of Dubai’s Kaheel Energy FZE. The latter is a 70% owner of the joint entity called Oracle Energy Ltd.
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The scheme envisages the installation of a 400-MW electrolyser in Thatta, as well as up to 700 MW of solar and 500 MW of wind power plus battery storage. The green hydrogen plant is expected to begin operations in the final quarter of 2026.
Oracle Energy has in place a 30-year land lease deal with the Government of Sindh for a site of 7,000 acres (2,833 ha) to accommodate the complex.
German engineering company Thyssenkrupp Uhde was in October 2022 selected to lead the technical and commercial feasibility study for the hydrogen proposal. Results from it will be available in the second quarter.
Last month, Oracle Power unveiled a MoU with aluminium producer Emirates Global Aluminium PJSC (EGA) for the potential offtake of about 50,000 tonnes of green hydrogen from the Pakistani project.