An announcement from Oracle Coalfields ( (GB:ORCP) ) is now available.
Oracle Power PLC announced that its joint venture, Oracle Energy Limited, received an extension for the validity period of its Letter of Intent from the Directorate of Alternative Energy, Government of Sindh, for its 1.3 GW renewable energy project in Pakistan. This extension, valid until May 2026, reflects the project’s progress, including completed feasibility studies and ongoing investor negotiations, and requires an extended bank guarantee of $600,000.
More about Oracle Coalfields
Oracle Power PLC is an international project developer primarily focused on the energy sector, with a significant emphasis on renewable energy projects. The company is involved in developing large-scale power projects, such as the proposed 1.3 GW renewable energy power plant in Jhimpir, Sindh Province, Pakistan.
YTD Price Performance: -15.00%
Average Trading Volume: 252,080,733
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.64M
See more data about ORCP stock on TipRanks’ Stock Analysis page.