Oracle Power PLC, the international natural resources project developer, has signed a non-exclusive co-operation agreement with PowerChina International Group with the objective of jointly developing a green hydrogen facility in Pakistan to produce hydrogen with electrolysers powered by photovoltaics. The target is a 400 MW capacity hydrogen plant, with planned production volume set at approximately 150 000 kg per day
The government of Pakistan is reviewing proposals from international investors and has also set up a dedicated team to review options and strategy. PowerChina has reported its interest to its government in China, and the project is expected to receive bilateral support through the CPEC programme, the China-Pakistan Economic Corridor investment project. PowerChina is working on a technical pre-feasibility and both parties have begun collaborating with their respective governments for the required support.
Naheed Memon, CEO of Oracle, commented: “Green hydrogen is potentially the single most important tool the international community has in its collective bid to transition to a carbon neutral future. I am delighted to announce our agreement with PowerChina as we explore options of jointly developing a green hydrogen facility in Pakistan, which would represent the first production facility of its kind in the country and could support multiple industries including steel and fertiliser production, power generation, shipping and the aviation industry.”