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Oracle Coalfields CEO on compelling coal/power project in Pakistan

Shahrukh Khan, chief executive of Oracle Coalfields (LON:ORCP), gives Proactive an update on developing Pakistan's "largest private sector project in mining and power."

The country is now looking at alternative power solutions such as coal to alleviate the chronic shortfall in electricity generation and is supportive of Oracle’s mine-mouth power station project  in the Thar Coalfield in south-eastern Pakistan.

With consortium partner Shangdong Electric Power Corporation of China (SEPCO), Oracle aims to start developing the project in 2016 and anticipates the mine will be brought into production within two to three years.

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Price: 0.688 GBX

Market: AIM
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on 29/7/20

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