Renewal of Strategic Partnership for Massive Green Hydrogen Project in Pakistan
Key Ideas
- Oracle Power PLC renews MoU with China Electric Power and Technology Co., Ltd to extend the development of a Green Hydrogen Project in Thatta, Pakistan.
- The project includes a Hybrid Renewable Energy Production and Storage facility combining 800MW of solar and 500MW of wind power.
- Upon completion, the Green Hydrogen Production facility is expected to be one of the largest in Asia, producing 150,000kg of hydrogen per day.
- Oracle Energy aims to secure off-take arrangements and complete financial agreements with the continued support of CET, a subsidiary of the State Grid Corporation of China.
Oracle Power PLC has renewed a strategic Memorandum of Understanding (MoU) with China Electric Power and Technology Co., Ltd (CET) to extend the development of a Green Hydrogen Project in Thatta, Sindh Province, Pakistan. The project aims to construct a Hybrid Renewable Energy Production and Storage facility that will combine 800MW of solar and 500MW of wind power, alongside battery storage. Upon completion, the Green Hydrogen Production facility is anticipated to be one of the largest in Asia, producing an estimated 150,000kg of hydrogen per day. The MoU renewal signifies the commitment of CET, a subsidiary of the State Grid Corporation of China, to support the Oracle Energy's vision. Oracle Energy is now focusing on securing off-take arrangements and finalizing financial agreements to advance the project further towards its realization.
Topics
Power
Renewable Energy
Partnership
Sustainable Development
Energy Production
Renewable Power Generation
Financial Arrangements
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