ORACLE POWER PLC (ORCP) — Q2 Trading Update

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the ORACLE POWER PLC Q2 Trading Update Investor Presentation. Throughout the quarter presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time by the Q and A tab situated at the right hand corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question received in the meeting itself. However, the company will review all questions submitted today and publish responses where it is appropriate to do so. Before we begin, I'd like to split the following poll. I'd now like to hand you over to Roheed Mehmon, CEO. Good morning. Good morning, and thank you. I'm very happy to be sharing the update that we just announced last week. And as our shareholders would have seen, it is fairly detailed, comprehensive, and a lot has really gone on in the last quarter. So I'll begin by providing sort of a summary, which would essentially be synopsis of what we had published. So we you know, in continuation of our development of Block 6, we sort of moved forward with a very substantial and important understanding and relationship with POWER China for the development of a one gigawatt solar facility on our land at TALB Block 6. And this is now work in progress and a natural priority for us. We have that lease. We've had it for a while, and that lease is primarily meant for the development for coal to power plant. However, now we've got conditional approval to also set up a solar facility in the desert, which is significant in in multiple ways. And there's a lot of interest that we have for this from financiers and also from the office of his highness, etcetera. There's a lot of interest from The UAE and so on. And Power China has come on b...