Karachi: An agreement for Pakistan’s first ever green hydrogen energy project has been struck. The plant’s Memorandum of Understanding was signed at the Energy Department in Karachi. As the deal was signed, Sindh Energy Minister Imtiaz Sheikh and Chinese Consul General Li Bijian both witnessed history being made.
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Naheed Memon, CEO of Oracle Power Public Ltd, and Yang Jianduo, Chief Representative of Power China International Pakistan, signed a Memorandum of Understanding for the cooperative development of Pakistan’s first green hydrogen project.
According to the deal, the facility will manufacture about 150,000 kg of green hydrogen per day from a 400 MW plant that will be powered by wind and solar farms. This significant development occurs just days before the crucial 26th United Nations Conference of the Parties on Climate Change.
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Only 4% of hydrogen produced now comes from renewable sources, but as the global decarbonisation drive accelerates, this number is predicted to expand by many orders of magnitude. The green hydrogen produced at this Sindh factory would initially be exported, with the sponsors hoping to find clients in China and the surrounding region.
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