A deal for Pakistan’s first-ever green hydrogen energy plant 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 watched history being made.
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 construction 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 only days before the crucial 26th United Nations Conference of the Parties on Climate Change.
The worldwide commitment to hydrogen economies will be reaffirmed at the international gathering. This initiative is also being launched at a time when Pakistan and China have declared their intention to sign a three-year investment cooperation agreement for green projects.
Around the world, more than 350 hydrogen projects are in the works. These aim to decarbonize economic sectors including heavy transportation, manufacturing, and even aviation. Hydrogen might provide up to 24% of global energy demand by 2050 if the correct policies and investments are put in place.
Only 4% of hydrogen generated now comes from renewable sources, but as the global decarbonisation push accelerates, this number is predicted to expand by several orders of magnitude. The green hydrogen generated at this Sindh factory would first be exported, with the sponsors hoping to find clients in China and the surrounding region.
Over ten major market economies have already implemented hydrogen policies. Sindh Minister for Energy Imtiaz Ahmed Shaikh remarked on the occasion that this initiative placed Sindh in the forefront of global future fuel development. “It elevates Pakistan to the ranks of foresighted nations.”
He promised the sponsors of the assistance of the Sindh government. Sindh is a good site for this set up because of its plentiful renewable resources, two ports, and infrastructure. “The government has paved the ground for renewable energy development and has now made a further step toward promoting frontier technology, sustainability, and innovation.”
The sponsors are hoping for widespread support for this critical endeavor.
This project also allows Sindh’s enormous renewable energy resource to be utilized. Given Pakistan’s present low or non-existent need for further power output, it creates a much-desired captive use of renewable energy.
