Oracle Power announced that it has signed a non-exclusive cooperation agreement with PowerChina International to jointly set up a 400MW solar PV-powered green hydrogen production plant in Pakistan.
Under the terms of the agreement, the Chinese state-owned company will conduct a technical pre-feasibility study in Pakistan, while Oracle will secure project funding, develop partnerships and work with government authorities.
According to Oracle, the new hydrogen plant will be located in Jhimpir, Gharo or Keti Bandar, Pakistan, where renewable resources are abundant.
The project, which is expected to produce about 150,000kg of green hydrogen per day, will also supply to the economies of China, South East Asia, Central Asia, the Middle East, North Africa, and Europe.