Oracle Power plc

ORCP

GB00B23JN426

Diversified Mining

Market Closed - London S.E. Other stock markets 11:35:24 2024-04-26 am EDT			5-day change	1st Jan Change
0.032 ^GBX	+26.98%		+18.52%	0.00%

Apr. 25	Norcros sells Johnson Tiles UK; Trifast trading well	AN
Apr. 17	Oracle Power passes environmental assessment to develop Pakistan plant	AN

Oracle Power signs deal for Thar power plant in Pakistan

May 16, 2023 at 12:28 pm EDT

Oracle Power PLC - Pakistan-focused developer of energy projects - Signs memorandum of understanding for the off-take and development of its 1.32 gigawatt Thar coal fired power plant in the Sindh Province, Pakistan.

Under this MoU, Thar Electricity (Private) Ltd, the company's wholly-owned subsidiary, will asses the viability of developing the power project at Thar Coal Block VI as originally planned or relocating the power project to K-Electric Ltd's owned land located at Port Qasim, Karachi, if found technically and commercially suitable and subject to obtaining required approvals and consents.

K-Electric could potentially become the sole off taker for the power plant, via a direct power purchase agreement, if the projects develops as originally planned. PowerChina International Group Ltd declares its interest to be part of the development irrespective of the development paths.

Current stock price: 0.14 pence, finishing 1.8% higher in London

12-month change: down 60%

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	K-ELECTRIC LIMITED	4.58 PKR	-1.29%	+3.39%	454M
	ORACLE POWER PLC	0.032 GBX	+26.98%	+18.52%	1.49M

Latest news about Oracle Power plc

Norcros sells Johnson Tiles UK; Trifast trading well	Apr. 25	AN
Oracle Power passes environmental assessment to develop Pakistan plant	Apr. 17	AN
Oracle Power Says Pakistan Power Plant Assessment Finds No Adverse Environmental Impact	Apr. 17	MT
Oracle Power looks to secure funding after study gives green light	Apr. 11	AN
Oracle Power Says Pakistan Power Plant Site Suitable for Development	Apr. 11	MT
Oracle Power PLC Together with Its Joint Venture Company, Oracle Energy Limited Announce Completion of Geotechnical Study & Electrical Resistivity Survey for Renewable Power Production Facility, Pakistan	Apr. 11	CI
Oracle secures option to acquire Blue Rock Valley in Western Australia	Apr. 09	AN
Oracle Power Secures Option to Purchase Blue Rock Valley Project in Australia	Apr. 09	MT
Windward extends LSEG pact; Vinanz eyes DTC trading	Feb. 27	AN
Oracle Power Initiates Geotechnical Study, Electrical Resistivity Survey for Renewable Plant in Pakistan	Feb. 27	MT
Coro seals sale terms, Powerhouse makes good progress	Feb. 19	AN
Oracle Power, JV Launch Environmental, Social Impact Assessment for Renewable Power Plant in Pakistan	Feb. 19	MT
Oracle Power plc Announces Commencement of ESIA Study for Renewable Power Production Facility	Feb. 19	CI
Oracle Power completes feasibility study on Pakistan project	Feb. 06	AN
Oracle Power Completes Feasibility Study for Hybrid Renewable Project in Pakistan	Feb. 06	MT
Oracle Power Partner Riversgold Secures Programme of Work Approval for Gold Project in Australia	Jan. 29	MT
Oracle Power celebrates approval of work programme at Northern Zone	Jan. 29	AN
Oracle Power optimistic as projects advance in Pakistan and Australia	Jan. 15	AN
Oracle Power says further drilling planned in Australian jv	Jan. 11	AN
Oracle Power Partner Riversgold Advances Exploration at Western Australia Gold Project	Jan. 11	MT
Gold intercepts found at Northern Zone project, says Oracle	Dec. 12	AN
Oracle Power hails green hydrogen project progress	23-10-20	AN
FTSE 100 Closes Down, Weighed By Weak Oil, Metals Prices	23-10-04	DJ
Oracle Power shares plunge on fundraise for hydrogen project	23-10-04	AN
AIM WINNERS & LOSERS: Oracle Power raises funds at steep discount	23-10-04	AN

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Company Profile

Oracle Power PLC is a United Kingdom-based power and natural resources project developer. The Company has two areas of focus: Western Australia and Pakistan. The Company's projects include Thar Block VI Project, West Australia Gold Projects and Green Hydrogen. The Company is also developing two gold mining projects in Western Australia, the Jundee East Project and the Northern Zone Project. Both tenements are located in mining districts. The Jundee East Project is comprised of one exploration license (E53/2140) and located about nine kilometers (km) due east of the Jundee Gold Mine. The project area comprises 29 blocks, covering an area of approximately 89.3 square kilometers (km2). The Northern Zone Project is comprised of one granted prospecting license (P25/2651). The project covers an area of approximately 82 hectares. The Thar Coalfield is located approximately 380 km east of Karachi. It covers an area of 9100 km2, with a total lignite resource in excess of 175 billion tons.

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Diversified Mining

Calendar

2024-06-19 - Q4 2023 Earnings Release (Projected)

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Sector Integrated Mining

	1st Jan change	Capi.
ORACLE POWER PLC	0.00%	1.49M
BHP GROUP LIMITED	-14.40%	143B
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GLENCORE PLC	-0.55%	71.07B
SAUDI ARABIAN MINING COMPANY (MA'ADEN)	+6.69%	50.97B
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IVANHOE MINES LTD.	+58.44%	18.57B

Integrated Mining

Oracle Power plc

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ORCP

GB00B23JN426

Diversified Mining

Oracle Power signs deal for Thar power plant in Pakistan

Stocks mentioned in the article

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Chart Oracle Power plc

Company Profile

Income Statement Evolution

Sector Integrated Mining