Oracle Power is developing the green hydrogen project in Thatta, Sindh Province, through its joint venture Oracle Energy Limited.
It will combine 500MW of wind power and 700MW of solar PV generation with battery storage and green hydrogen production.
Oracle Energy has acquired 7,000 acres of land on a 30-year lease from the government of Sindh. The planned green hydrogen production facility, when fully commissioned, would produce an estimated 55Mt/yr of green hydrogen.
German engineering conglomerate Thyssenkrupp began feasibility work on the potential production of green hydrogen and green ammonia in the last quarter of 2022. Initial results are due by the middle of 2023.
CET is a subsidiary of the Chinese State Grid Corporation.
Sheikh Ahmed Dalmook Al Maktoum, who owns 70% of Oracle Energy, said the company was looking to fast-track the project’s development by partnering with China’s state grid, which “has both financing capability, as well as significant experience of constructing large power projects globally".
Wang Bo, vice-general manager of CET, hailed the “exciting” prospect of potentially financing, constructing and operating Pakistan's largest renewable power facility.
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