Oracle Power PLC (9OC)

Overview

Oracle Power plc, originally known as Oracle Coalfields PLC, is a company dedicated to the exploration and development of coal resources within Pakistan. Founded in 2006 and positioned in London, United Kingdom, the company distinguishes itself by its commitment to leveraging Pakistan’s coal reserves for energy generation. It has evolved its business model over the years, leading to a rebranding in June 2017 to better reflect its broadened scope, including renewable energy initiatives and metal mining interests. Oracle Power is pioneering in its multi-faceted approach to energy production and mineral exploration, particularly focusing on the resource-rich yet underdeveloped Thar Province of Pakistan. Through its strategic endeavors, including the expansion into gold exploration in Western Australia and green hydrogen project development, Oracle Power plc aims to establish itself as a leader in both conventional and renewable energy sectors, contributing to the energy sustainability and diversity of the regions it operates in.

Products and Services

• Coal Exploration and Development

  Oracle Power plc is actively engaged in the exploration and development of coal resources in Pakistan, particularly in the Thar Block VI project area that spans approximately 9,100 square kilometers. This project underscores the company’s core business in harnessing coal for energy generation, aiming to contribute significantly to meeting Pakistan's energy needs.

• Mine-mouth Power Plant Construction

  Adjacent to its coal development endeavors, Oracle Power is involved in the construction of a mine-mouth power plant. This initiative is designed to optimize the energy production process, by utilizing the coal extracted from its own mining operations, thus ensuring a streamlined and efficient conversion of coal to electricity right at the mining site.

• Gold Exploration in Western Australia

  Expanding its portfolio beyond coal and energy, Oracle Power plc has ventured into the exploration of gold licenses. This includes the Jundee East project, covering an area of approximately 89.3 square kilometers, and the Northern Zone project, spanning 82 hectares. These projects represent the company’s diversification into precious metals, targeting growth potential in Western Australia’s rich mineral landscapes.

• Green Hydrogen Project Development

  In line with global shifts towards renewable energy, Oracle Power plc is developing a green hydrogen project in Pakistan. This forward-thinking venture signifies the company’s commitment to sustainable energy solutions, aiming to tap into the clean energy potential of hydrogen fuel as a viable alternative to fossil fuels.