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Oracle Power PLC - international developer of energy projects focused on Pakistan and Australia - Announces completion of technical and commercial feasibility study relating to the proposed hybrid renewable power plant for its green hydrogen and ammonia project in Pakistan. Project is targeting a 400 megawatt capacity facility to produce 55,000 tonnes of green hydrogen annually. Company says the study includes technical assessments and details regulatory and environmental considerations for the construction phase. Claims the project's proposed location in the Sindh province's Thatta district leaves it well-positioned to produce and supply green hydrogen in Pakistan and neighbouring countries.
"This study...contributes significantly to further de-risking the project and provides a clearer pathway for accelerated development activities," says Chief Executive Officer Naheed Memon. "We continue to work on the completion of the grid interconnectivity feasibility studies...as well as geotechnical and environmental studies, which will follow soon after, leading us into the FEED stage and future confirmation of potential off-take and financing arrangements."
Current stock price: 0.027 pence
12-month change: down 87%
By Emma Curzon, Alliance News reporter
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