Thursday, March 30 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Mar 27
Week of Mar 20
Week of Mar 13
Week of Mar 06
Week of Feb 27
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Oracle signs up potential customer for Pakistani hydrogen project

    February 6, 2023 - SeeNews Renewables


      February 6 (Renewables Now) - Oracle Power PLC (LON:ORCP) today unveiled a memorandum of understanding (MoU) with aluminium producer Emirates Global Aluminium PJSC (EGA) for the potential offtake of green hydrogen from its large-scale project in Pakistan.

      Oracle Power is developing the 400-MW hydrogen project, expected to be powered by 1.2 GW of new renewables capacity, made up of 700 MW of solar and 500 MW of wind power plus battery storage, through a joint venture called Oracle Energy Ltd. The latter is a partnership with Shaikh Ahmed Dalmook Al Maktoum of Dubai’s Kaheel Energy FZE, which holds 70% of the joint entity.

      The potential customer, EGA, is equally owned by Mubadala Investment Company of Abu Dhabi and the Investment Corporation of Dubai.

      Under the MoU, signed on February 1, EGA will explore the potential procurement of about 50,000 tonnes of green hydrogen from the project, which is most of its targeted annual output of 55,000 tonnes, to help decarbonise its aluminium production.

      The parties are looking to sign a binding agreement during the COP28 UN Climate Change Conference in the UAE in late 2023.

      German engineering company Thyssenkrupp Uhde was in October selected to lead the technical and commercial feasibility study for the hydrogen proposal. The study is currently ongoing.

      Separately, Oracle Power said it raised GBP 500,000 (USD 613,000/EUR 560,000) through an oversubscribed placing to support the advancement of the Pakistani green hydrogen project.

      (GBP 1 = USD 1.225/EUR 1.120)


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.