Business
Milestone development of Block VI, Thar Project
Milestone development of Block VI, Thar Project.
About this update from Oracle Power Plc
[{"type":"text","content":"\n \nRNS Number : 9528X Oracle Coalfields PLC 17 January 2014 \n \n\n17 January 2014\n \nOracle Coalfields PLC\n(\"Oracle\" or the \"Company\")\nMilestone development of Block VI, Thar Coalfield Project\nOracle Coalfields PLC (AIM:ORCP), the UK coal developer of a 1.4 billion tonne lignite resource located in the south-eastern desert of the Sindh Province, Pakistan, today announcesthat a \"No Objection Certificate\" has been issued by the Environmental Protection Agency Government of Sindh (SEPA) on the 17th January 2014 for the Environmental and Social Impact Assessment for Block VI of the Thar Coalfield submitted in 2013 concerning its environmental plan. This is a further significant step in the development of the company's energy project in the Thar Desert of the Sindh Province of Pakistan. \n \nFollowing the Memorandum of Understanding with SEPCO Electric Power Construction Corporation (\"SEPCO\") which was announced on 21st November, 2013, and as reported in the Pakistani press this morning, Oracle and SEPCO are currently working on a Joint Development Agreement which they hope will be concluded shortly.\n \nShahrukh Khan, CEO of Oracle, said: \"We are delighted to announce this significant development. The issuance of the \"No Objection Certificate\" represents another major milestone in the development of our Thar Coalfield project.\n \nYour Board continues to advance towards the development of the project, and shareholders should expect to receive further progress updates in due course\".\n \nEnds\nFor further information:\nOracle Coalfields PLC \nShahrukh Khan, CEO  ...