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Just last week you were ramping this all over the place, now apparently it’s the worst business ever?

People who go from ramping one day to trying to destroy a company the next clearly have other agendas. In your case I think you bought in here at a higher price and sold out to buy msmn. I think you also bought in there higher than the current level, and now you want to try and make yourself feel better by slating Orcp as it back on the rise. You just make yourself look stupid. Also you are only talking about 1 project that orcp have, the gold! What about the coal and the solar? You know as well as everyone else here that the current mcap is extremely low for everything that is starting to come together! Naheed is also keeping investors updated which is a definite positive.

oracle power in talks for $1.4b financing of hybrid re plant in ****stan

the 1.3 gw wind and solar plant may start supplying power to 1.2 million houses by 2028.

london-based oracle power plc is in talks with investors so it could start building a $1.4b hybrid renewable energy plant in ****stan’s gharo-jhimpir wind corridor next year, according to its ceo.

the project is expected to offer energy-starved citizens more affordable power, whilst increasing the share of clean energy in the south asian country’s power mix, oracle power ceo naheed memon told asian power. “it's not going to be a whole lot, but it will be a reasonable input into the system.”

the 1.3 gigawatt (gw) renewable energy (re) project spans 2,830 hectares in the sindh region and will feature 800 megawatts (mw) of solar capacity and 500 mw of wind power, as well as a 260 mw battery energy storage system.

memon said getting a loan to kickstart the project, which will cost $1.2b to $1.4b, is a challenge, noting that the “investment appetite” of development institutions like the international finance corporation and british international investment does not align with oracle power’s requirements.

“hence, we would like to deploy this in phases so that we can actually start to build it in 100, 200 tranches of 200 to 300 mw in one go, and that is something which is more aligned with investors’ appetite,” she said in an emailed reply to questions.

oracle power aims to start operating the plant, which will supply electricity to about 1.2 million households, by 2027 or 2028, the ceo said.

****stan's rapid adoption of solar energy, driven primarily by market forces and with minimal political support, provides valuable lessons for other emerging markets, the world economic forum (wef) said in a november 2024 report.

declining solar panel prices, coupled with skyrocketing grid electricity tariffs that have increased by 155% over three years, are fuelling a rush in renewable energy adoption in ****stan, with solar power leading the way, it said. the country is now the world’s sixth-largest solar market.

whilst ****stan’s per capita electricity consumption grew 87% between 2000 and 2022, more than 40 million people remain without access to electricity, and half the population still lacks clean cooking facilities, according to wef, citing international energy agency data.

memon said the hybrid re plant, which will have about 80 wind turbines and 1.5 million solar photovoltaic panels, would maximise land use. “if we can deploy solar panels in between the wind turbines in a technically efficient manner, then the process becomes even more efficient, and the output increases even more,” she added.

the land is being leased from the government for 30 years, and may be renewed later.

‘the way forward’

in november, oracle power and unit oracle energy finished a six-month transmission and grid interconnection study for the 1.3 gw plan

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