In a stock market filing released on Wednesday (August 3), Oracle Power said it has received a letter from a Pakistani provincial government, confirming it would issue a Letter of Intent (LOI) for Oracle Energy’s 1,200MW hybrid solar/wind, green hydrogen/power project.
Oracle have said, the anticipated LOI from the Directorate of Alternative Energy of the Government of Sindh is expected to approve the production of green hydrogen at its project, planned to be located in Jhimpir, Gharo or Keti Bandar in Pakistan.
Oracle Energy is a joint venture 70%-owned by prominent member of Dubai’s royal family, Sheikh Ahmed Dalmook Al Maktoum, and London-based Oracle Power.
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