REG - Oracle Power PLC - Grid Study for Renewable Power Plant

Oracle PowerAnnouncement

07/05/2024 07:15

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RNS Number : 3505N  Oracle Power PLC  07 May 2024

7 May 2024

Oracle Power PLC

("Oracle" or the "Company")

 

Commencement of Transmission and Grid Interconnection Study for 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 the commencement of
the Grid Interconnection Study (the "Study") for its proposed 1.3GW renewable
power plant in Jhimpir, Sindh Province, Pakistan (the "Power Plant"). 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"), has engaged Power Planners
International (Pvt.) Ltd ("PPI"), 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, to undertake the
Study.

 

The Study, paid for by State Grid China, encompasses a comprehensive
evaluation for 1.3GW of renewable power, including an 800MW solar project, a
500MW wind project, and a suitable battery energy storage system. The Power
Plant aims to export the generated renewable power to the National Grid, with
connection facilitated through the Network of National Transmission &
Dispatch Company (NTDC). Power evacuation would be facilitated through the
existing 220kV Jhimpir-II Grid station or any other grid interconnection
scheme identified in collaboration with NTDC, factoring in the latest load
forecast and NTDC's future transmission plans.

 

The Study is expected to culminate in the finalisation of the grid
interconnection scheme, determining voltage levels, step-up transformer
specifications, interconnecting distribution lines, and necessary extensions
or reinforcements to the nearby system network. This comprehensive analysis
reinforces Oracle's commitment to ensuring reliable power dispersal and
maximizing the project's impact on the national energy grid.

 

 CEO of Oracle, Naheed Memon, commented: "We are delighted to announce the
initiation of the Interconnection Study for our renewable power plant in
Jhimpir. This Study will complete our feasibility study package for the Power
Plant and will be instrumental in propelling us into the FEED stage.
Additionally, it will help to lay the groundwork for future confirmation of
potential off-take and financing arrangements. Through strategic partnerships
and meticulous planning, we aim to optimize the integration of renewable
energy sources into the national grid, contributing to the country's energy
security and environmental sustainability."

 

*ENDS*

 

For further information on Oracle Power PLC, visit the Company's website
at http://www.oraclepower.co.uk (http://www.oraclepower.co.uk/)  or contact:

 

Oracle Power PLC

Naheed Memon - CEO
                               +44 (0) 203 580 4314

 

Strand Hanson Limited (Nominated Adviser & Joint Broker)

Rory Murphy, Matthew Chandler, Rob Patrick
      +44 (0) 20 7409 3494

 

Global Investment Strategy UK Limited (Joint Broker)

Samantha
Esqulant
+44 (0) 20 7048 9432

 

St Brides Partners Limited (Financial PR)

Susie Geliher, Isabel de
Salis
+44 (0) 20 7236 1177

 

 

About PPI

Power Planners International (Pvt.) Ltd is a reputable entity, registered with
the Pakistan Engineering Council and accredited with registrations in England
and Wales, Saudi Electricity Company (SEC), and the Alternative Energy
Development Board. PPI is a group of professionals who possess highly
specialized skills, vast and profound experience, and expertise of the
advanced and latest state of the art software prevailing in the contemporary
power system industry. Having long background of power system analysis and
planning in WAPDA and other electric utilities, they fully understand the
scope of the required study and are capable of delivering it efficiently and
promptly.

 

 

 

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