14:37, 27th September 2021...Zak Mir27 Sep 2021 21:58
Hot on the heels of CEO share buying at the end of last week, we were treated to an update on Oracle Powerβs (ORCP) flagship Thar Block VI project in ****stan. The update comes in the wake of the recent approval of the Indicative Generation Capacity Expansion Plan 2021-2030, prepared by the National Transmission Dispatch Company in ****stan. Oracle confirmed that the National Electric Power Regulatory Authority has approved a plan to expand electricity generation capacity from the existing 34,776MW to 61,112MW by 2030. In addition, NEPRA has directed the NTDC to consider the Company's Thar Block VI Project for inclusion in the next IGCEP annual review. Oracle added that it is actively evaluating a coal-to-gas (for urea) project, and coal-to-liquids project, further utilising the 1.4 billion tonnes of coal at the Thar Block VI project.