Oracle Power submits proposal for 660MW plant in Pakistan

20 November 2017 (Last Updated November 20th, 2017 10:25)

UK-based energy developer Oracle Power has submitted a proposal to Private Power and Infrastructure Board (PPIB) for the development of a 660MW plant in Block VI of Thar desert, Pakistan.

UK-based energy developer Oracle Power has submitted a proposal to Private Power and Infrastructure Board (PPIB) for the development of a 660MW plant in Block VI of Thar desert, Pakistan.

Oracle Power expects to develop the facility in consortium with Chinese state-owned entities Sichuan Provincial Investment Group (SCIG) and PowerChina International Group.

Situated in the south-east of Pakistan’s Sindh Province, the new combined lignite coal mine and power plant will represent the first phase of a 1,320MW project.

Oracle Power CEO Shahrukh Khan said: “This submission to the PPIB is a further step in the formal process to enable the construction of a power plant for an initial 660MW in Thar.

“Oracle Power expects to develop the facility in consortium with Chinese state-owned entities.”

“The company would like to extend its thanks to the Pakistani authorities who have continued to support Oracle’s efforts in bringing this sizeable project to financial close.

“With the financing partners now identified and keen to progress the project in a timely fashion, the company will continue to update shareholders on progress as milestones are achieved.”

The newly submitted proposal features the details of the parties to be involved in the project, technical details of the plant, and the availability of fuel from Thar Block VI.

It also includes financial details of the companies involved, their power project experience, and the consortium agreement (CA).