Oracle Power Corporation (ORCP) said recently that it will receive a letter of intent for a 1.2 gigawatt solar, wind and green hydrogen project in the Sindh province of Pakistan.
The project is being developed by Oracle Energy Ltd, a joint venture between Oracle and Dubai's Shaikh Ahmed Dalmook Al-Maktoum. It will see a 400-megawatt electrolyzer powered by a 1.2-megawatt hybrid renewable power plant and potentially produce up to 55,000 tonnes of green hydrogen per year.
Oracle said it had received a letter from the Sindh provincial government's Alternative Energy Agency saying it would issue a letter of intent for the green hydrogen project to the company.
The letter of intent is subject to a $600,000 performance guarantee provided by Oracle Energy and is expected to allow the production of business-to-business green hydrogen for sale to utilities and other uses.
Oracle is a London-listed developer of natural resources and power projects with a focus on Western Australia and Pakistan.
