Oracle Power PLC PPIB Meeting with Consortium Scheduled
September 08 2020 - 9:03AM
RNS Non-Regulatory
TIDMORCP
Oracle Power PLC
08 September 2020
Oracle Power PLC
("Oracle", the "Company" or the "Group")
Private Power and Infrastructure Board Meeting with Consortium
Scheduled
Oracle Power PLC (AIM:ORCP) is pleased to advise that, further
to the announcement of 28 August 2020, the Company, along with its
Consortium partners, China National Coal Development Company Ltd.
and the private office of His Highness Sheikh Ahmed Bin Dalmook
Juma Al Maktoum (together, the ' Consortium'), has been invited to
meet with the Private Power and Infrastructure Board ('PPIB') on
Friday, 11 September 2020. The purpose of the meeting is for the
Consortium to formally present the Thar Block VI project
implementation plan, with a view to finalising the award of a
Letter of Intent ('LOI').
The meeting will be chaired by the Special Assistant to the
Prime Minister on Power in Islamabad, Pakistan, along with
representatives of the Ministry of Energy (Power Division), CPEC
Authority and the Planning Commission (Islamabad). The Consortium
will present plans to the government for the development of Thar
Block VI for power, gas for urea and other uses.
The Consortium's presentation to the PPIB forms part of its LOI
application and is considered by the Board of Oracle as one of the
final steps in the award of the LOI. Further updates in respect of
the timing, and next steps required, with regard to the issuance of
the LOI will be made in due course as and when appropriate.
*ENDS*
For further information:
Oracle Power PLC +44 (0) 203 580
Naheed Memon 4314
Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409
Rory Murphy, James Harris, Jack Botros 3494
Brandon Hill Capital Limited (Joint Broker) +44 (0) 203 463
Oliver Stansfield 5000
Shard Capital (Joint Broker)
Damon Heath
Isabella Pierre
St Brides Partners Limited (Financial +44 (0) 20 7186
PR) 9952
Susie Geliher +44 (0) 20 7236
Catherine Leftley 1177
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END
NRAFLFIVALITIII
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