Oracle Power has today (September 12) announced the completion of its technical and commercial feasibility study for its 400MW green hydrogen and ammonia project in Pakistan.
The project plans to produce 55,000 tonnes of green hydrogen annually. Located in the wind corridor in the province of Singh in Pakistan’s south, Oracle expects to deploy 700MW of solar and 500MW of wind to power electrolysis.
Carried out by Germany’s thyssenkrupp Uhde, the study determined the required power input for the production of 140 tonnes of green hydrogen per day is approximately 360MW of electrolyser capacity.
Additionally, a techno-economic modelling study was carried out, providing cost estimates for the complete plant’s OPEX and CAPEX, processes, plant layout, project execution schedule, technology information and carbon intensity of the hydrogen value chain.
Oracle has said factors including gaseous and liquid hydrogen production, ammonia synthesis and cracking, optimal location for the renewable and chemical plant, battery in island mode vs. excess renewable energy exchange with grid, and water sourcing were all considered.
Furthermore, the company says the study assessed production scenarios for the domestic market and transport to China, Japan, Korea and Europe.
Oracle Power’s Chied of Technology (Hydrogen), Dr. Naveed Akhtar, said, “The study’s results are very encouraging and on par with industry expectations as observed in other green hydrogen projects announced worldwide.”
The company will now move forward with negotiations for firm offtake agreements with various companies and finalise ongoing joint venture/ equity partnership discussions.
Previously, Oracle has announced non-binding offtake agreements with the likes of EGA for aluminium production and PetroChina.
Oracle will also be focusing on arranging the front-end engineering and design (FEED) for the plant, ahead of entered the pre-final investment decision (FID) stage.
Speaking to H2 View in April, Oracle Energy’s CEO, Naheed Memon said the Pakistan project was on a “very ambitious timeline” with intentions of completing FID by the autumn of 2024.
Read more: Oracle Energy’s CEO targets FID on Pakistan green hydrogen project within 18 months
Commenting on the completion of the feasibility study, Memon, said, “A successful and positive feasibility study for green hydrogen and green ammonia, contributes significantly to de-risking the Project, and provides a clearer pathway for further accelerated development activities.”
She added, “We move into a highly active period as we work towards completing power and grid interconnectivity feasibility studies by Q4 2023 in collaboration with State Grid Corporation of China, as well as geotechnical and environmental studies soon after, leading into the FEED stage, and finalisation of the investment and lender consortium.”
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