Oracle Power announces acquisition of land lease for green Hydrogen Project.
Oracle Power PLC (AIM: ORCP), a developer of green hydrogen production through its joint venture Oracle Energy Limited (“Oracle Energy”), announce the acquisition by Oracle Energy of State land by way of a long lease for 30-years (“the Lease Acquisition”) with the Government of Sindh, for a land package of 7,000 acres (approximately 28.3 km²) (“the land package”) located in the Thatta district, Sindh, south-east Pakistan, where its flagship Green Hydrogen Project (or the “Project”) will be located.
The Company’s partner, His Highness Sheikh Ahmed Dalmook Al Maktoum, who owns 70% of Oracle Energy through Kaheel Energy FZE, is an active investor and developer of a number of power generation projects across the Middle East, Asia and Africa.
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