Oracle Power PLC

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Market Cap:
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52 weeks high
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Viewing results 1-25 of 135


Oracle Power pays around US$50,000 registration fee for processing Letter of Intent in relation to Thar project

The AIM-listed firm said the funds have been spent under the pre-development funding agreement reached with its consortium partners Beijing Jingneng Power and PowerChina International...

on 2/7/19

Oracle Power encouraged by continued support for the Thar thermal power project

Oracle expressed its gratitude to the Pakistani authorities at both the federal and provincial levels for the constructive way in which they have supported and continue to support the Thar project. ...

on 18/6/19

Oracle Power and partners redraw development plan for Thar power station

The development will now be an 8mln tonnes of coal per year operation feeding a single 2x660 MW unit....

on 5/6/19

Oracle Power arranges finance to tide it over until formal agreement for Thar

Project is for a gross 4mln tonnes per annum mine, feeding a 700Mw power plant....

on 31/5/19

Oracle Power inks loan agreement with major shareholder Brandon Hill Capital to provide it with a working capital facility

Naheed Memon, CEO of Oracle Power, said: "Significant progress has been made as per recent updates and we expect the funds under this Loan Agreement will be sufficient to reach Definitive Agreements with the Chinese Partners later this year"...

on 31/5/19

Oracle Power says agreement for Thar project in Pakistan remains valid

Oracle said today it had now received assurances from both partners - Beijing Jingneng and PowerChina - that the memorandum of understanding (MOU) is intact....

on 16/5/19

Oracle Power says Pakistan MOU was inked in ceremonial signing

The company and its partners continue to advance the coal mine and power plant project in the Sindh province....

on 3/5/19

Oracle Power reveals reorganisation of interests in Pakistan power project

Changes in equity holdings reflect the confidence that Powerchina has in the project, says chief executive Ms Naheed Memon...

on 27/3/19

Oracle Power raises £500,000 to help fund pre-development work at its Pakistan power plant

Along with Chinese energy giant Beijing Jingneng Power Company and its other joint venture partner, PowerChina, Oracle is developing a 700Mw coal-fired electricity plant in Pakistan’s Thar province...

on 21/2/19

Oracle Power jumps as consortium agrees pre-development funding for Thar project

The energy developer said the consortium had agreed to provide a minimum of US$2.5mln in funding, in proportion to their intended stake in the project...

on 31/1/19

Oracle Power's new chief executive to focus on Thar completion

Ms Memon was previously Chair of the Sindh Board of Investment (Government of Sindh), the province where Thar is located...

on 25/1/19

Oracle Power gets approval for larger power station at Thar in Pakistan

The Thar power station project was re-affirmed as a priority for the Pakistani government. ...

on 17/1/19

Oracle shares surge as Chinese energy giant takes big stake in its Pakistan power plant

Beijing Jingneng Power Company is replacing Sichuan Provincial as one of the three project partners and will assume its 78% ownership of the electricity plant...

on 20/12/18

Oracle Power encouraged by stance of new Pakistani government

Once all the approvals, permits and tariffs are in place, Oracle’s partners will arrange the finance with Sinosure and Chinese banks....

on 16/11/18

Oracle Power outlines next phase of development in Pakistan

The update was provided alongside the company's interim results...

on 20/9/18

Oracle Power raises capital as Chinese due diligence continues

"We are pleased to confirm this equity placing, which will strengthen the company's balance sheet and provide working capital taking the company forward with its Chinese partners.” ...

on 3/8/18

Oracle Power concentrates on formalising deals with Chinese partners for Thar project

One of the highlights for Oracle last year was signing a memorandum of understanding with Sichuan Provincial Investment and Power China for the Thar project...

on 3/5/18

Oracle Power raises £550,000 as it works to close Thar deal

Shares will be issued at 1.4p. Brandon Hill Capital will own 20.08% of the shares following the placing...

on 27/3/18

Oracle Power shares leap as partners ratify memorandum for Thar development

The MoU was originally signed in November between Oracle and SCIG and PowerChina, its two co-developers...

on 9/3/18

Oracle Power's Thar project gets nod from Pakistan infrastructure board

Approvals are for the development of a 700MW coal-based power plant...

on 12/2/18

Oracle Power changes chairman as it works towards financial close at Thar

Oracle is working towards the financial sign-off of its Thar thermal power station project in Pakistan ...

on 24/1/18

Oracle Power tidies up ownership of coal mining lease in Pakistan

"The move to 100% ownership of SCEL is a material development for Oracle"...

on 12/1/18

Oracle Power raises over £770K through share placement and warrant exercise

Oracle Power is moving towards financial close on a memorandum of understanding with two major Chinese state-owned companies...

on 28/12/17

Oracle Power sees the finish line at Thar

The coal mine and mine mouth power station developer expects 2018 will be a game changer as its Pakistan project takes shape...

on 24/11/17