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Oracle Power PLC is an international natural resource and power project developer listed on London s AIM market. The Company is focussed on delivering reliable and affordable power in emerging developing markets, unlocking the value of underutilised and undeveloped natural resources to provide energy security and support economic growth and development. Its initial project is the Thar Block VI Project in the Thar desert in the south-east of the Sindh province of Pakistan. The Thar Project is a 66.1 sq km licence containing 1.4 billion tonnes of coal, where the Company, together with its partners China National Coal Development Company Ltd. (CNCDC) and the private office of His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum, is advancing a combined lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal gasification to urea project.
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26 January 2021 | 06:07am
StockMarketWire.com - Naheed Memon, Chief Executive Officer, bought 49,002,561 shares in the company on the 22nd January 2021 at a price of £0.00. The Director now holds 65,002,561 shares.
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15 January 2021 | 09:35am
StockMarketWire.com - Oracle Power said its consortium partner China National Coal Development Company (CNCDC) has commenced preliminary feasibility work relating to the potential gasification of coal at the Thar Block VI project in Pakistan.
The natural resources and power project developer said this includes market analyses, process technology evaluation, public engineering of auxiliary facilities required, investment estimation and financial evaluations.
In conjunction with CNCDC, Oracle is preparing coal-to-gas and coal-to-liquid policy requirements to be proposed to the government of Pakistan with the intent that the optimal regulatory framework and government policy is established.
Chief executive of Oracle Naheed Memon said: ‘Drawing on the extensive experience of China Coal as a world leader in coal development and integrated industries, we at Oracle are positioning ourselves to become a first mover in the development of coal-to-gas for urea,