Oracle Power, PowerChina team up on 1-GW solar project in Pakistan

UK coal and gold mining projects developer Oracle Power PLC (LON:ORCP) and Power Construction Corporation of China (SHA:601669), also known as PowerChina, have agreed to partner in the potential joint development of a 1-GW solar project in the desert of southeastern Pakistan.

The Thar Solar Project will be based on the unutilised land at Oracle's Thar Block VI coalfield in the Sindh Province, which is located about 250 kilometres (155.3 miles) from the proposed site of the company’s green hydrogen project in the region.

The facility is expected to be equipped with about 1.5 million photovoltaic (PV) panels, providing an installed capacity of 655 watts per panel and generating about 1.7 billion kWh annually, a statement said on Wednesday.

Oracle has already obtained conditional permission from the local Sindh government to build solar plants at its 66.1-square-kilometre Thar Block VI.

The power to be produced from the solar plant could be injected into the national grid or sold to the grid of a private distributor. It could also be utilised to reduce the carbon footprint at other coalfields within the Thar Coal Power Project.

Under the cooperation agreement, the Chinese partner will help Oracle study the feasibility of the project and coordinate work with the government of China. The UK-based firm, in turn, will work on securing the funding of the project and also coordinate ongoing negotiations with the governments of Sindh and Pakistan.

“We look forward to working closely with our partners to swiftly establish ourselves as front runners in the production of renewable power and green energy solutions in Pakistan and in the broader region,” Oracle’s CEO Naheed Memon said in the statement.

The UK-based firm, which is focused on Western Australia and Pakistan, is also working on a 1.2-GW solar, wind and green hydrogen project in Sindh.

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