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Oracle Power PLC
("Oracle", the "Company" or the "Group")
Policy Proposal Submitted for Coal-to-Gas & Coal-to-Liquid Development
Oracle Power PLC (AIM:ORCP), the international natural resources and power project developer, is pleased to advise that, further to the announcement of 15 January 2021, the Company and its Consortium Partner, China National Coal Development Company ("CNCDC" or "China Coal"), have now jointly submitted a policy proposal for coal-to-gas and coal-to-liquid development in ****stan to the Ministry of Energy ("Ministry").
The policy proposal outlines the draft commercial framework through which development of coal to gas and liquid at Thar Block VI ("Commercial Framework") could be fast-tracked in order to address ****stan's critical gas shortage and continued reliance on imported liquid fuels. The Company now looks forward to discussions with the Ministry in order to finalise the Commercial Framework.