Project Option 1 or Project Option 216 May 2023 13:49
Hi everyone,
I was also expecting there to be at least some movement to the SP with this news. Either way we are headed in the right direction which is exciting. Going over the RNS this paragraph really stands out:
Through this MOU, TEPL will assess the viability of developing: (i) the power project at Thar Coal Block VI as originally planned ("Project Option 1") or (ii) relocating the power project to KE's owned land located at Port Qasim, Karachi ("Project Option 2"), if found technically and commercially suitable and subject to obtaining all required approvals and consents.
What are your opinions on the implications if Option 2 is pursued. In any case I don't image it to be a good thing for Oracle , could this uncertainty be holding things back?
Cheers,