1. Power Planners International will conduct a study for Oracle and CET, a subsidiary of State Grid Corporation of China.
2. The study will help Oracle move towards the FEED stage and set the groundwork for potential off-take and financing arrangements.
3. Oracle’s second project in Pakistan with a Chinese partner follows a cooperation agreement with PowerChina for a 1GW solar PV project in Sindh province.
Power Planners International, a power system analysis and planning firm, will conduct a study for Oracle and its partner CET, a subsidiary of the State Grid Corporation of China. This study will help Oracle move into the FEED stage for a power plant project in Pakistan, laying the foundation for potential off-take and financing arrangements.
Oracle’s CEO Naheed Memon highlighted the importance of the study in completing the feasibility study package and estimating the technical requirements and overall costs of the project during the FEED phase. This project marks Oracle’s second planned project in Pakistan with a state-owned Chinese partner, following a cooperation agreement signed with PowerChina for a 1GW solar PV project in Sindh province last year.
To learn more about these developments and stay updated on the energy storage market, Solar Media will host the 2nd Energy Storage Summit Asia in Singapore on July 9-10, 2024. This event will bring together key stakeholders in the industry, including independent generators, policymakers, banks, funds, off-takers, and technology providers, to provide clarity on this rapidly growing market. For more information, visit the website for Energy-Storage.news.