Oracle Power Extends Partnership for Major Green Hydrogen Project

Oracle Coalfields ( (GB:ORCP) ) has provided an update.

Oracle Power PLC has renewed its strategic Memorandum of Understanding with China Electric Power and Technology Co., Ltd, a subsidiary of the world’s largest utility company, State Grid Corporation of China. This renewal extends their partnership to develop and operate a significant Green Hydrogen Project in Pakistan until March 2027. The project aims to produce 150,000kg of hydrogen per day, making it one of the largest in Asia. This extension signifies CET’s commitment to the project, which has already seen progress in technical and financial studies, and Oracle Energy is now focusing on securing off-take arrangements and financial completion.

More about Oracle Coalfields

Oracle Power PLC is a developer focused on green hydrogen production through its joint venture Oracle Energy Limited. The company is involved in the renewable energy sector, aiming to establish one of the largest green hydrogen production facilities in Asia, with a focus on utilizing solar and wind power.

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