Oracle Power PLC (LON:ORCP) on Wednesday said that German engineering company Thyssenkrupp Uhde will lead the technical and commercial feasibility study for the green hydrogen and ammonia project that its joint venture Oracle Energy Ltd is developing in Pakistan.
The project, located in the province of Sindh, southern Pakistan, envisages a 400-MW green hydrogen production facility, the deployment of 700 MW of solar and 500 MW of wind power, and the conversion of the hydrogen into green ammonia.
The study should start shortly and the final report is expected in the first half of 2023.
Oracle Energy Ltd is a joint venture between Oracle and Shaikh Ahmed Dalmook Al Maktoum of Dubai, who said that Thyssenkrupp’s appointment for the study is the result of a mutual selection process.
“As a pioneer in the industry, thyssenkrupp's expertise is highly sought after and I believe their agreement to support us is testament to the opportunity we have for establishing a facility in Pakistan to produce what is becoming the new global fuel, which is in critical demand, as the world transitions to green energy,” commented Oracle chief executive Naheed Memon.
Thyssenkrupp Uhde’s sister company Thyssenkrupp Nucera is a provider of electrolysis technology.