REG - Oracle Power PLC - Grid Interconnection Study Completed

Oracle PowerAnnouncement

05/11/2024 07:00

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RNS Number : 8797K  Oracle Power PLC  05 November 2024

5 November 2024

Oracle Power PLC

("Oracle" or the "Company")

 

Completion of Transmission & Grid Interconnection Study for Proposed
Renewable Power Plant

 

Oracle Power PLC (AIM:ORCP), an international project developer, together with
its joint venture company, Oracle Energy Limited ("Oracle Energy"), a
developer of green energy projects, is pleased to announce completion of the
Transmission & Grid Interconnection Study (the "Study") in respect of its
proposed 1.3GW hybrid renewable energy power plant in Jhimpir, Sindh Province,
Pakistan. Oracle Energy, in collaboration with its joint development partner,
China Electric Power Equipment and Technology Co., Ltd. ("CET"), a subsidiary
of State Grid Corporation of China ("State Grid China"), engaged Power
Planners International (Pvt.) Ltd ("PPI"), to undertake the Study.  PPI is a
distinguished company renowned for its expertise in power system analysis and
planning, particularly in the domain of grid interconnection studies for
renewable energy projects.

 

The Study, entirely funded by State Grid China, assessed the technical
feasibility of interconnecting the proposed 1.3GW Hybrid Renewable Energy
Power Plant (the "Hybrid RE PP"), which consists of 800MW solar power, 500MW
wind power generation and a suitable battery energy storage system, to provide
renewable power to the National Grid. Based on the updated transmission plan
and load forecast provided by the National Transmission and Dispatch Company
("NTDC"), the Study proposes interconnecting the plant to the 220kV Jhimpir-II
Grid Station via a direct 220kV double circuit transmission line of 35km in
length, using a quad bundle rail conductor. The Study outlines the generation
voltage for the Hybrid RE PP, which will be increased to 33kV using
transformers at each inverter and collector group. The net maximum output of
the plant is expected to be 1,155MW. Additionally, a 260MW battery energy
storage system (BESS) is proposed to enhance system reliability, and a static
var compensator (SVC) will be installed to maintain the required power factor,
thereby fulfilling NTDC Grid Code requirements.

 

Comprehensive load flow studies were performed for peak and off-peak
conditions during both summer and winter periods, demonstrating the
reliability of the proposed transmission scheme under normal and contingency
(N-1) conditions. Short circuit and dynamic stability analyses confirmed that
fault currents are within rated capacities, and the system successfully passed
dynamic stability checks, ensuring resilience under fault conditions.

 

The completed Study has now been submitted to NTDC for review and approval by
the Pakistan Government. This approval process will be critical in advancing
the project towards implementation and the Company looks forward to providing
further updates in due course.

 

Oracle's CEO, Naheed Memon, commented: "We are pleased to confirm the
completion of this key Study for our proposed hybrid renewable energy power
plant in Jhimpir. This milestone marks the culmination of extensive
investigative studies and sets the stage for the next phase of detailed
engineering design (FEED). The findings of the Study provide a solid
foundation for securing potential off-take agreements for power. Our strategic
focus remains on ultimately seamlessly integrating renewable energy into the
National Grid, thereby enhancing energy security and promoting sustainable
development in Pakistan."

 

-ENDS-

 

For further information contact:

 

 Oracle Power PLC                                           +44 (0) 20 7236 1177

 Naheed Memon - CEO

 Strand Hanson Limited (Nominated Adviser & Broker)         +44 (0) 20 7409 3494

 Rory Murphy, Matthew Chandler, Rob Patrick

 St Brides Partners Limited (Financial PR)                  oracle@stbridespartners.co.uk

 Isabel de Salis, Susie Geliher

 

 

About PPI

Power Planners International (Pvt.) Ltd is registered with the Pakistan
Engineering Council and accredited with registrations in England and Wales,
the Saudi Electricity Company (SEC), and the Alternative Energy Development
Board. PPI comprises a group of professionals who possess highly specialised
skills, vast and profound experience, and expertise in the advanced and latest
state-of-the-art software prevailing in the contemporary power system
industry. Having a long background in power system analysis and planning with
WAPDA and other electric utilities, they were ideally placed to efficiently
and promptly undertake the requisite Study.

 

 

 

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