Green Hydrogen On The Verge Of A Big Test

Green light given to Dubai royal’s 400MW green hydrogen project in Pakistan — powered by 1.2GW of wind and solar; ‘Comprehensive permission’ granted by regional government to joint venture majority-owned by Sheikh Ahmed Dalmook Al Maktoum — subject to bank guarantee

Leigh Collins, 4 August 2022 (RECharge News)

“…[The Sindh province government in Pakistan has granted ‘comprehensive permission’ for the construction of a 400MW green hydrogen project that would be powered by 500MW of wind energy and 700MW of solar, backed up by a battery…The unnamed facility is being developed by Oracle Energy, a joint venture 70%-owned by Sheikh Ahmed Dalmook Al Maktoum — a prominent member of Dubai’s royal family — and 30%-owned by London-based, AIM-listed Oracle Power…subject to the provision of a $600,000 performance guarantee…

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The project, if operating at full capacity, would produce 55,000 tonnes of green hydrogen per year…It has not been revealed how the green hydrogen produced at the project will be used. Memon — who is also a director in her family-owned conglomerate, the Kings Group of Industries — was previously chairman of the Sindh government’s board of investment…

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…[Oracle Power] also owns the extraction rights to 1.4 billion tonnes of lignite (brown coal) — the dirtiest fossil fuel — in Sindh, where it plans to build a 1.32GW coal-fired power plant…[and] has licences to search for gold in Western Australia…[Sheikh Ahmed Dalmook Al Maktoum has investments in infrastructure and] energy projects, LNG terminal development, commodity and oil trading, water desalination, [and] water recirculation…” click here for more

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