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Oracle Power’s 400MW hydrogen production project in Pakistan to bring cost of green hydrogen below $2 per kilogramme
By George Heyneson Feb 10, 2022A 400MW hydrogen production project is set to be developed by Oracle Power and PowerChina International Group in Pakistan with the intention to generate hydrogen below $2 per kilogramme.
The project marks a major milestone for Pakistan’s hydrogen economy with it set to be located in Jhimpir, Gharo or Keti Bandar and hopes to provide a competitive fuel source for multiple sectors, including steel and fertiliser production, cars, long-range shipping, aviation and more.
Supporting the proposed plans, the Government of Pakistan is already revieing proposals from international investors and has set up a dedicated team to review options and strategy.
PowerChina is expected to receive further bilateral support from the Chinese Government.
The plant will additionally aim to target a hydrogen cost below $2 per kilogramme making it cost competitive with other zero-emission and fossil fuels across the globe.
This could significantly expand Pakistan’s hydrogen capabilities and bring the country to a new green revolution in its energy sector.
Naheed Memon, CEO of Oracle Power, said, “We are making good progress in a short time since signing the Co-Operation Agreement with PowerChina.
“Green hydrogen has been dubbed as the ‘fuel of the future’ and Oracle is in the exciting position to be a first mover in Pakistan and, at the competitive price that is being targeted, is set to be in a strong position in the international market as well.”
Dr Naveed Akhtar, Chief of Technology of Hydrogen at Oracle Power, said, “It is encouraging to see the potential for Oracle’s green hydrogen facility and I see that there is real possibility of producing green hydrogen at competitive prices for the market in China, South Asia and Europe.”