Oracle Energy To Build 400 MW Green Hydrogen Project In Pakistan

Aug 5, 2022 01:03 PM ET
  • The green hydrogen center will certainly be powered by 1.2 GW of wind and solar power.
  • Oracle educated that it has received a 'comprehensive permission' from the State Government of Sindh to develop the facility

A stock exchange filing by Oracle Power has disclosed that the Sindh state government of Pakistan has accorded 'comprehensive permission' to Oracle Energy for the advancement of a 400 MW green hydrogen project. The carbon-free hydrogen facility will certainly be provided with electrical energy by 500 MW of wind energy and also 700 MW of solar facilities that will certainly be supported with an energy battery system. As soon as the center gets on complete range operations, about 55,000 tonnes of green hydrogen will certainly be created every year.

Oracle Energy has actually neither offered a name to the green hydrogen project neither has it exposed just how the green hydrogen produced in the maiden facility in Pakistan will certainly be utilized.

Oracle Energy is a joint endeavor, 70 per cent of which is owned by Sheikh Ahmed Dalmook Al Maktoum, that belongs to the royal family of Dubai. The staying 30 percent is possessed by London-based Oracle Power.

According to the declaring, Oracle has received a letter from the provincial government of Sindh (Directorate of Alternative Energy) which notified the renewable energy designer that a Letter of Intent will be issued for the set up of a 1,200 MW crossbreed solar-wind, green hydrogen-power project subject to the provision of a $600,000 performance warranty by the business.

Naheed Memon, CEO, Oracle Power, states, "I am delighted to report that our green hydrogen campaign in Pakistan has obtained confirmation that it will certainly receive the consent of the Government of Sindh through the issuance of an LOI, based on the arrangement of a bank assurance."

As per records, the CEO has claimed that the government choice indicates growth of the green hydrogen facility and also sale of excess energy to 3rd parties.

Based On Oracle Power, the company is an "worldwide power and also natural deposit project designer" that has special concentrate on the markets of Pakistan and Australia. The firm states that it currently has removal rights to 1.4 billion tonnes of lignite coal in Sindh, Pakistan. Oracle will also be creating a 1.32 GW coal power plant at the same location.

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