Oracle Power gets approval for next step in coal, power plant development

The Private Power and Infrastructure Board (PPIB) of Pakistan has approved the issue of notice to proceed (NTP) and letter of intent (LoI) for a coal mine and mine-mouth power plant in Block VI of the Thar desert, UK-based Oracle Power reported on Monday. The project is being developed in a consortium, which also includes Chinese State-owned enterprises Sichuan Provincial Investment Group (SCIG) and PowerChina International Group. Oracle subsidiary Thar Electricity is overseeing the project.