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Oracle Power PLC - Private Power and Infrastructure Board Meeting

RNS Number : 8221Y
Oracle Power PLC
14 September 2020
 

 

 

 

Oracle Power PLC

("Oracle", the "Company" or the "Group")

 

Private Power and Infrastructure Board Meeting

 

 

Oracle Power PLC (AIM:ORCP) is pleased to advise that, further to the announcements of 28 August 2020 and 8 September 2020, the Company, along with its Consortium partners, China National Coal Development Company Ltd. and the private office of His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum (together, the ' Consortium'), formally presented the Thar Block VI project implementation plan to the Private Power and Infrastructure Board ('PPIB') on Friday 11 September 2020.

 

As previously advised, the Consortium's presentation to the PPIB formed part of its LOI application and is considered by the Board of Oracle as one of the final steps in the award of the LOI. Further updates in respect of the timing, and next steps required, with regard to the issuance of the LOI will be made in due course as and when appropriate.

 

 

*ENDS*

 

For further information:

Oracle Power PLC

Naheed Memon

+44 (0) 203 580 4314

Brandon Hill Capital Limited (Joint Broker)

Oliver Stansfield

+44 (0) 203 463 5000

Shard Capital (Joint Broker)

Damon Heath

Isabella Pierre

 

St Brides Partners Limited (Financial PR)

Susie Geliher

Catherine Leftley

+44 (0) 20 7186 9952

 

 

 

+44 (0) 20 7236 1177

 

 

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Quick facts: Oracle Power PLC

Price: 0.625

Market: AIM
Market Cap: £13.03 m
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