Oman Inks Two Hydrogen Pacts Worth USD 10 Billion at Second Round of Tender - MENA & Turkey | Energetica India Magazine
Oman Signs Two Hydrogen Agreements Valued at $10 Billion during Second Round of Bidding in Middle East Market
The next agreement consists of the combination of Belgium's DEME and Oman's energy firm OQ, forming the Hyport Duqm collaboration.
Today's date is June 26, 2023, and I am Nivedita Ojha.
Oman has entered into two agreements worth a total of $10 billion. These pacts were signed by the energy minister of Oman, Al Aufi, and delegates from Hyport Duqm. This marks the initiation of the second tender round for Oman's green hydrogen project.
Oman signed two additional agreements for the advancement of eco-friendly hydrogen initiatives in the Duqm region. These projects are estimated to receive an investment of approximately $10 billion. Additionally, Oman also launched the second phase of the ongoing auction process.
A partnership between POSCO, a company based in South Korea, and Engie SA, a French energy firm, recently finalized the initial deal to harness approximately 5 GW of wind and solar energy in Al Wusta Governorate. The primary objective of this collaboration is to generate 200,000-220,000 tonnes of hydrogen.
The next agreement revolves around a partnership between Hyport Duqm, a collaboration between Belgium's DEME and Oman's energy firm OQ.
The signed contract includes the initial phase of a long-running project aimed at producing approximately 50,000 tons of hydrogen and ammonia within the Duqm free zone.
Hydrom has been granted three undertakings for the generation of environmentally friendly hydrogen in the Duqm region, coinciding with this particular phase. These ventures, with a projected expenditure of roughly 20 billion US dollars, will be established across an expansive expanse measuring 960 square kilometers (370 square miles).
According to Al Aufi, the vetting period will take around two to two and a half months, and the round will finish by the conclusion of the initial three months of 2024.
The land areas secured for generating hydrogen during the initial phase of the bidding process will guarantee that Oman successfully reaches its goal of producing approximately 1 million metric tons of environmentally-friendly hydrogen by the conclusion of the next ten years.
Al-Aufi stated, "We will be examining the paths and exploring the most ideal choices to decrease the overall expenses of manufacturing hydrogen and ensure that the initiatives in Oman generating environmentally-friendly hydrogen and ammonia are as competitive as possible."
If you are interested in collaborating with us and would like to utilize any of our material, kindly reach out to us at [email protected].
The 17th International Photovoltaic Power Generation and Smart Energy Conference & Exhibition, known as SNEC 17th, will take place on June 04, 2024.
Dr. Ajay Mathur, the topmost authority, the head person, in charge of overall operations and management.
The Individual Savings Account (ISA) will play a vital role in encouraging the widespread adoption of solar energy.
Bharat Bhut, the founding member and director
Goldi Solar plans to introduce the TopCon modules with up to 16 BB by 2023.
Hello everyone! I am Gaurav Mathur, the head of operations in India. I wanted to take a moment to introduce myself and share some exciting news with you all. As the India Head, my role involves overseeing and managing all operations within the country. I am thrilled to be a part of this organization and to have the opportunity to work with such a talented and dedicated team. We have been working hard to ensure that our operations run smoothly and efficiently, and I am proud of the progress we have made so far. India is a vibrant and dynamic market, and I believe there is immense potential for growth and success here. Our team is committed to delivering the highest level of service to our customers and clients, and we are constantly striving to improve and innovate. In the coming months, we have some exciting projects lined up that I am confident will make a significant impact in the market. We are focused on expanding our reach and collaborating with key partners to enhance our offerings and better meet the needs of our customers. I want to thank you all for your continued support and trust in our organization. We are excited about the future and the opportunities that lie ahead. Stay tuned for more updates and news from us as we continue our journey towards achieving excellence in India. Warm regards, Gaurav Mathur, India Head
Trina Solar plans to unveil its inaugural n-type Solar Photovoltaic (PV) Module by the conclusion of 2023.
Vikas Agarwal, one of the co-founders and currently occupying the position of Chief Business Officer,
The primary aim of funding solar rooftop projects is to advance the use of renewable energy sources for a sustainable future.
Ashish Agarwal, Chief Executive Officer and Managing Director
Advancing Green Technology and Ensuring Sustainability in Every Aspect
