Oracle Power PLC (LON:ORCP) has welcomed comments made by Pakistan’s prime minister the Honourable Mr Imran Kahn at the Climate Ambition Summit 2020 on Saturday 12 December 2020.
Mr Khan outlined the Pakistan Government’s strong support for developing its coal reserves for coal to liquids and coal to gas projects and promoting these technologies over conventional coal to power projects.
These clean coal processes, which form an integral component of Oracle’s development initiative at its Thar Block VI Project in the Sindh Province of Pakistan, will produce urea for use in fertiliser and liquid fuel to be used domestically thereby reducing Pakistan’s reliance on imported fuel sources, the company said in a statement.
Naheed Memon, Oracle’s chief executive, added: “Coal to liquids and coal to gas technologies have become major technical and commercial drivers for the Company’s 1.4 bn tonne Thar Block VI Project.
“We see this news from Pakistan’s Prime Minister as an endorsement of our diversification and project enhancement initiative taken a year ago. We look forward to developing Block VI as a significant project in alignment with Pakistan’s developmental strategy.”
