Oracle Power and PowerChina International ink green hydrogen agreement
The partners have formally signed the cooperation agreement in Karachi, Pakistan.
Oracle Power Plc and PowerChina International Group Ltd have now formally inked their non-exclusive cooperation agreement of developing a green hydrogen project in Pakistan.
Following the previously announced green hydrogen agreement between the two partners, which was also reported by H2 Bulletin, has now been formalised in a ceremony held at the Energy Department Sindh, Karachi, Pakistan, hosted by the Minister of Energy, Sindh, Mr Imtiaz Ahmed Shaikh. Mr Li Bijian, the Consul General of China in Karachi, also attended the signing agreement to assure the Chinese government’s support for the project.
The ceremony is a very strong endorsement by the Government of Sindh, which has taken the lead in supporting the green energy industry in Pakistan.
PowerChina, one of the largest Chinese state-owned enterprises, has partnered with Oracle to set up a green hydrogen facility in Pakistan, potentially in Jhimpir, Gharo or Keti Bandar in Pakistan, due to the abundant renewable resources.
The partners plan to build a 400 MW capacity hydrogen plant which would make about 150,000 kg/day of green hydrogen. Both partners will explore feasible options to jointly develop the project subject to advance feasibility studies, analysis, and technological advances. The plant would use electrolysis technology powered by photovoltaics and wind energy.
