PESHAWAR: The Khyber Pakhtunkhwa planning and development department on Wednesday signed a memorandum of understanding with a subsidiary of the Kuwait Investment Authority (KIA) to develop green hydrogen plants in the province.

The plants to be put up by the EnerTech Holding Company will also be used to produce ammonia for fertiliser industry, according to a statement issued here.

The statement said the EnerTech Holding Company is a fully-owned subsidiary of the National Technology and Enterprise Company, which, in turn, is a wholly-owned subsidiary of the KIA, the oldest sovereign wealth fund in the world.

“In KP, the Kuwait-based company plans to convert two hydropower projects being developed by the Pakhtunkhwa Energy Development Organisation (Pedo) to produce green hydrogen and green ammonia,” it said.

According to the statement, the EnerTech, as part of a consortium of companies partnering with the state of Oman, is developing the world’s largest (25GW) green hydrogen project ($30 billion), which will produce around 1.8 million tonnes of green hydrogen and up to 10 million tonnes of green ammonia annually.

The Pedo also signed MoUs with the Gul Ahmed Metro Group, which is associated with the British International Investment, and the InfraCo Asia, which is a commercially managed infrastructure development and Investment Company of the Private Infrastructure Development Group, to develop green hydrogen plants in the province.

According to the statement, InfraCo Asia, which is headquartered in Singapore, has so far invested in Pakistan’s two wind power projects of 50MW each along with a portfolio of over 115MW and 15MW of hydro power projects and commercial and industrial rooftop solar sector, respectively.

The Sustainable Energy and Economic Development, a programme funded by the United Kingdom Foreign, Commonwealth and Development Office and implemented by the Adams Smith International, is helping the government materialise those investments by identifying and removing policy bottlenecks, facilitating meetings with potential investors and providing technical support.

Published in Dawn, March 3rd, 2022

Opinion

Editorial

Consolidating gains
Updated 15 Jul, 2025

Consolidating gains

It would not be incorrect to say that the economy is still just a shock away from relapsing into another crisis.
Second thoughts
15 Jul, 2025

Second thoughts

AND, just like that, the PTI’s ill-timed ‘Second Pakistan Movement’ seems to have been put to rest. The...
Wounded women
15 Jul, 2025

Wounded women

MORALITY is a woman’s burden to bear, and the chilling upsurge in gender-based crimes is a reminder of how...
Tax unrest
Updated 14 Jul, 2025

Tax unrest

Govt has a very poor track record of staying the course of tough decisions that affect the ruling party’s core political base.
Surging numbers
14 Jul, 2025

Surging numbers

PAKISTAN is running out of time — and space. Our population, now over 240m, continues to grow at nearly 2pc a ...
Media matters
14 Jul, 2025

Media matters

PAKISTAN’s journalists are no strangers to living dangerously. The Freedom Network’s new report, Journalism in...