Oracle Power has confirmed a two-year extension of its Memorandum of Understanding (MoU) with China Electric Power and Technology (CET) — a wholly owned subsidiary of the State Grid Corporation of China (SGCC), the world’s largest utility company by revenue.
The agreement, initially signed in March 2023 and previously set to expire in March 2025, will now remain active until March 2027, securing continuity for the ambitious Green Hydrogen Project planned for Thatta, Sindh Province, Pakistan.
At full capacity, the facility is expected to produce approximately 150,000 kilograms of green hydrogen per day, equivalent to 55,000 tonnes annually, positioning it among the largest dedicated hydrogen production sites in the region.
The Thatta project proposes a hybrid renewable energy generation model, integrating 800 MW of solar PV and 500 MW of wind capacity, supported by a battery energy storage system. This configuration is designed to stabilize intermittent renewable generation, ensuring the steady power supply necessary for continuous electrolyser operation — a critical requirement for industrial-scale green hydrogen production.
To date, CET has partnered with Oracle Energy to complete key technical and financial studies, including comprehensive renewable resource assessments and grid interconnection analyses. These feasibility studies are pivotal for securing future offtake agreements and financial close, particularly as international lenders and hydrogen buyers increasingly demand rigorous, risk-mitigated project documentation for early-stage ventures.
CET’s involvement provides Oracle Energy with access to SGCC’s extensive technical expertise and capital deployment capabilities in utility-scale renewable energy projects — both domestically in China and through its Belt and Road Initiative-aligned infrastructure investments overseas. Given Pakistan’s ongoing power grid challenges and its growing interest in low-carbon energy export markets, the Thatta facility could play a dual role: supporting domestic decarbonization and positioning Pakistan as a future exporter of green fuels to regional energy markets.
Oracle Energy’s near-term focus is securing binding offtake agreements, which remain critical for project bankability and unlocking debt and equity financing. The extension of the MoU with CET provides a stable development framework through 2027, increasing confidence for prospective investors and hydrogen buyers evaluating participation in early-phase project consortia.
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