Oracle Power (ORCP)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.015p
   
  • Change Today:
      0.000p
  • 52 Week High: 0.057p
  • 52 Week Low: 0.012p
  • Currency: UK Pounds
  • Shares Issued: 12,043m
  • Volume: 107,920,424
  • Market Cap: £1.78m
  • Beta: 0.02

Oracle Power launches environmental assessment for Pakistan project

By Josh White

Date: Monday 19 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Oracle Power and its joint venture company Oracle Energy announced the start of an environmental and social impact assessment (ESIA) for their renewable power plant project in Jhimpir, Sindh Province, Pakistan on Monday.
The AIM-traded firm said the project, aimed at developing green energy solutions, had appointed inspection and certification company SGS Pakistan to conduct the ESIA Study.

It said the ESIA would evaluate the environmental and social impacts of a 1.3GW renewable power project, comprising an 800 MW solar project, a 500 MW wind project, and a 450 MWh battery energy storage system.

The study would adhere to environmental regulations set by the Sindh Environmental Protection Agency and international guidelines provided by entities such as the International Finance Corporation and the Asian Development Bank.

Oracle said the methodology of the ESIA would involve collecting primary and secondary environmental data to predict and evaluate impacts, with a focus on renewable power aspects initially, followed by chemical and transmission components.

SGS would conduct a comprehensive wildlife survey on the project site to assess environmental sensitivities.

The ESIA report would encompass a review of national environmental legislations and international guidelines.

Public consultation and engagement with stakeholders, assessment of impacts on land, infrastructure, settlements, and wildlife would be conducted.

Additionally, an environmental management plan and performance monitoring plan for both construction and operational phases will be prepared.

The final ESIA report would be presented to the Sindh Environmental Protection Agency, and a non-objection certificate will be sought from the Pakistan Environmental Protection Agency (EPA) in due course.

"The commencement of the ESIA study, in order to obtain clearance from the national environmental agency and endorsement from international stakeholders, marks a very important milestone in the development pathway of our green energy project," said chief executive officer Naheed Memon.

"It also demonstrates our commitment to swift project development as we continue to align and engage with prospective lenders and investors.

"As a company, we are committed to adhering to the highest environmental and social standards as we advance the development of our green energy project."

At 1456 GMT, shares in Oracle Power were flat at 0.03p.

Reporting by Josh White for Sharecast.com.

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Oracle Power Market Data

Currency UK Pounds
Share Price 0.015p
Change Today 0.000p
% Change 2.07 %
52 Week High 0.057p
52 Week Low 0.012p
Volume 107,920,424
Shares Issued 12,043m
Market Cap £1.78m
Beta 0.02

Oracle Power Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.16% above the market average76.16% above the market average76.16% above the market average76.16% above the market average76.16% above the market average
40.62% above the sector average40.62% above the sector average40.62% above the sector average40.62% above the sector average40.62% above the sector average
Price Trend
81.77% below the market average81.77% below the market average81.77% below the market average81.77% below the market average81.77% below the market average
62.41% below the sector average62.41% below the sector average62.41% below the sector average62.41% below the sector average62.41% below the sector average
Income Not Available
Growth Not Available

Oracle Power Dividends

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Trades for 11-Jul-2025

Time Volume / Share Price
16:35 1,851,852 @ 0.015p
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16:35 224,138 @ 0.015p
16:35 500,000 @ 0.015p

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