What's Not To Like refresher, not even mentioned a gold strike yet.19 May 2021 10:31
Oracle Power is a large scale industrial mining project in the Thar desert. The project includes a mine-mouth power plant and coal to gas and liquid production facilities. The area of the mine is 66 square km. The project envisages the setting up of a state of art, mega industrial park centred around a large mine, deploying the most modern mining technologies. The company has plans for diversifying into other natural resource projects in other regions too. The development of the current projects in ****stan entails numerous collaborations with the local government, China, and other partners.
The pandemic has has a devastating effect. Although the project development in ****stan has been only slightly delayed due to logistic hurdles and health matters for some of the stakeholders.
There is an office in Karachi, an office at the mine site, and an outsourced office in Islamabad.
There are five full-time employees and an equal number of legal and project development consultants on board in ****stan.
Points to note in favour:
Oracle Power is the custodian of the future energy and food security for ****stan, its natural gas reserves are depleting and are expected to become 50 percent of their current output in 5 years. The country’s mainstay is agriculture, which is dependent on urea. Since 70 percent of urea is gas as feedstock, it is now imperative that ****stan converts coal to gas for urea, amongst other uses. Countries like India have launched a programme to inject 3 trillion USD in coal to gas through 40 new coal mines. This strategy is adopted by many countries that see the importance of the development of coal as an asset. Further, ****stan cannot afford to import oil for power and reduce the burden on forex reserves. Indigenous fuel must be developed on a large scale.
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