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Oracle Power PLC, a developer of green hydrogen production through its joint venture Oracle Energy Limited ("Oracle Energy"), is pleased to announce that Oracle Energy has appointed consultancy firm Fugro Pakistan B.V ("Fugro"), to immediately commence a surface level survey at its Green Hydrogen Project site (or the "Project site") in Sindh, south-east Pakistan
The topographic survey of the 28km² site, is being completed by Fugro through the use of drones, providing vital mapping data about the newly leased Project site (see RNS Nov 28), including accurate terrain information on roads, streams and buildings in order to optimise planning, design and construction costs for the planned 1.2 GW of hybrid wind and solar plants and the 400MW Green Hydrogen facility.
Additional data, including ground control points and field verification will be attained using a manned GPS survey team. The topographic survey, which is due to be completed in Q1 2023, is an important next step in the development of this flagship Green Hydrogen Project ("Project") ahead of the commercial and technical feasibility study, due to be released in H1 2023.
The Project is planned to have an initial capacity to produce 55,000 tonnes of hydrogen annually and be one of the largest hydrogen projects in the Middle East and Asia.
Fugro, which is part of the Euronext-listed Dutch-based Fugro NV group, specialises in surveys and mapping supporting oil and gas development and civil engineering projects and has been operating in Pakistan since 1979.
The Project includes plans to develop solar and wind power facilities with a combined output capacity of 1.2 GW (700MW solar and 500MW wind), along with a battery storage park of up to 450 MW, to ensure the continuous production of hydrogen throughout the year. Oracle Energy, a 30:70 joint venture with Oracle Power and His Highness Shaikh Ahmed Dalmook Al Maktoum through Kaheel Energy FZE, aims to start production in Q4 2026 - supplying domestic industries manufacturing, fertiliser production, transport and power generation plus international markets.
Naheed Memon, CEO, Oracle Power commented: " The commencement of the topography survey is another major step towards setting up this important project as it will lead to clearing the project site for suitability and will feed into design and planning of the large facility encompassing 1.2 GW of hybrid power plants and hydrogen and ammonia production units.
We are committed to becoming one of the largest producers of Green Hydrogen in the region to meet the domestic demand for green fuel as well as a growing overseas requirement, as the world transitions to clean energy and a zero carbon future. We look forward to updating the market as this exciting project advances." |
