Oracle Coalfields (GB:ORCP) has released an update.
Oracle Power PLC has announced an extension until January 23, 2025, for the Letter of Intent for its 1.3 GW renewable power plant project in Jhimpir, Sindh Province, Pakistan, demonstrating significant progress including completion of various technical studies. The extension, contingent upon a $600,000 bank guarantee, paves the way for accelerated development and financing decisions. CEO Naheed Memon expresses gratitude for ongoing governmental support as the company continues to advance in its project milestones.
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