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Oracle Power looks to secure funding after study gives green light

Thu, 11th Apr 2024 12:22

(Alliance News) - Oracle Power PLC on Thursday said it had received positive results from a study at one of its renewable power production facilities.

The Western Australia and Pakistan-focused energy projects developer initiated a geotechnical and electrical resistivity study at a project in Jhimpir, Pakistan to determine the feasibility of the site.

F&M Pvt Ltd a provider of engineering, testing, and verification services, were employed to complete the study. Their findings confirmed the favourable conditions of the site and provided guidance for construction and water management.

Chief Executive Officer Naheed Memon said: "The studies have confirmed the favourable attributes for development of the site, and generated valuable data and insights, positioning us to...proceed to securing potential financial arrangements for on ground construction and development."

Oracle Power shares were up 28% to 0.034 pence each in London on Thursday afternoon.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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24 Feb 2023 15:12

Latest Share Chat

Oracle Power Share News (ORCP)

Share Price Information for Oracle Power (ORCP)

Oracle Power looks to secure funding after study gives green light

IN BRIEF: Oracle Power raises funds for green project with Dubai royal

AIM WINNERS & LOSERS: Biome wins contract; Oracle raises GBP363,000

LONDON MARKET OPEN: FTSE 100 struggles ahead of anticipated BoE hike

Oracle Power inks deal to develop commercial side of Pakistan project

IN BRIEF: Oracle Power aims to add solar and wind to hydrogen project

IN BRIEF: Oracle Power signs deal for Thar power plant in Pakistan

TRADING UPDATES: Rainbow Rare Earths raises GBP7.5 million in placing

TRADING UPDATES: Yourgene Health sees revenue above market forecasts

Oracle Power progresses Pakistan project with PowerChina agreement

Oracle Power registers land lease with Sindh government in Pakistan

Oracle Power signs green hydrogen project accord with Chinese partner

IN BRIEF: Coro Energy to appoint Oracle Power CEO as non-exec director

Oracle Power subsidiary joins Dii energy alliance

Oracle Power joins Dii Desert Energy to harness emission-free energy

Oracle Power advances its Green Hydrogen project in Pakistan

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