Oracle Power PLC Update on Green Hydrogen Production Facility
2022年3月11日 - 4:00PM
RNSニュース (英語)
TIDMORCP
Oracle Power PLC
11 March 2022
11 March 2022
Oracle Power PLC
("Oracle", the "Company" or the "Group")
Update on Green Hydrogen Production Facility
Oracle Power PLC (AIM:ORCP), the international natural resources
project developer, is pleased to announce the appointment of
H&P Advisory Limited, part of the Hannam & Partners group,
("H&P") as financial adviser and consultant to Oracle in
relation to the Company's potential green hydrogen project in
Pakistan (the "Project").
H&P will focus exclusively on the Project, providing
strategic advisory and financial services to realise its full
potential for the benefit of Oracle stakeholders, including the
preparation of a valuation model. H&P's work will be integrated
into the various workstreams which are underway between Oracle and
various other partners including buyers, technology suppliers,
lenders and other interested parties.
Naheed Memon, CEO of Oracle, commented:
"Our green hydrogen production project is entering its next
phase of planning and development and I am delighted to announce
the appointment of H&P who will support us on this journey.
H&P are a highly regarded investment bank with a proven track
record in the resources and energy industries, and furthermore,
they possess an exceptional network of international contacts
through which to commercialise our green hydrogen project.
"Green energy is at the forefront of governmental decision
making and is part of the global conversation more than ever
before. Harnessing this emerging green fuel source will support the
global transition towards a carbon free future and also enable
countries with significant renewable energy potential, such as
Pakistan, to become competitive suppliers. I look forward to
providing further updates on this globally significant project in
due course."
*ENDS*
For further information:
Oracle Power PLC +44 (0) 203 580
Naheed Memon - CEO 4314
+44 (0) 207 907
H&P Advisory Limited 8502
Neil Passmore
St Brides Partners Limited (Financial
PR) +44 (0) 20 7236
Susie Geliher, Catherine Leftley 1177
About Oracle Power PLC:
Oracle Power PLC is an international natural resource and power
project developer quoted on London's AIM market. The Company holds
two highly prospective gold assets in two globally significant gold
regions of Western Australia. The Northern Zone Project is located
25km east of the major gold mining centre of Kalgoorlie, the home
of the 'Super Pit' mine, the second largest gold mine in Australia,
and the Jundee East Gold Project is located 9km east of Northern
Star's Jundee Gold Mine, one of Australia's largest gold mines.
The Company is also active in the power industry in Pakistan and
is working to establish a green hydrogen production facility in
association with PowerChina. The Company's initial project is the
Thar Block VI Project in south-east Pakistan where the Company is
advancing plans for a combined lignite coal mine, a 1,320MW mine
mouth power plant and a proposed coal gasification to urea
project.
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