Oracle Power will help to develop the project via its subsidiary Oracle Energy, a joint venture with HH Sheikh Ahmed Dalmook Al Maktoum. The Steering Committee consists of the following four members:
Naheed Memon, Chief Executive Officer, Oracle Energy
Naved Akhtar, Chief Technical Officer, Oracle Energy
Wang Bo, Vice General Manager CET
Li Hui, Chief Representative of Pakistan, CET
The inaugural meeting of the newly formed Steering Committee was held on Friday, May 12th. Oracle Power has also taken another major step forward in relation to the completion of the bankable feasibility studies for the 1.2 GW hybrid power, grid interconnection and storage architecture for the project. These studies will feed into the ongoing Thyssenkrupp’s green hydrogen and green ammonia studies.
The State Grid has commissioned and funded consultants Shanghai Investigation Design & Research Institute (SIDRI) to conduct power studies, and establish the feasibility of integrating solar and wind energy technologies into the green hydrogen project. The study will analyse the project resources, design the hybrid system, evaluate grid integration, conduct economic analysis, assess environmental impacts, manage risks, and engage stakeholders.
The hybrid power study encompassing 700 MW solar and 500 MW wind power, is expected to be completed by Q3 2023 and will produce the electrical design and civil works layout for the hybrid power facilities and integration with grid and chemical plants. These developments mark the commencement of State Grid’s expertise and contribution to the project development; with the signing of a Joint Development Agreement (JDA) with Oracle and a shareholder agreement envisaged as the next potential steps.
Oracle will share further details of the scope of further work on the green hydrogen project, which State Grid will undertake once finalised.
The planned green hydrogen project facility, if fully commissioned, would produce an estimated 150,000 kg of hydrogen per day (55,000 tons per annum), and would be one of the largest such projects in Asia.
Feasibility work for green hydrogen and green ammonia production commenced in Q4 2022 with Thyssenkrupp, the German multinational engineering company, with initial results due in Q2 2023.
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