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RNS Number : 6422I
Oracle Coalfields PLC
21 June 2017
 

Environmental and Social Impact Assessment for Power Plant

21 June 2017

 

Oracle Coalfields PLC

("Oracle", the "Company" or the "Group")

 

Power Plant Environmental and Social Impact Assessment Public Hearing Date

 

Oracle Coalfields PLC (AIM:ORCP), the UK energy developer of a combined lignite mineral resource and mine mouth power plant located in the Thar desert in the south-east of Sindh Province, Pakistan (the "Project"), announces that the Sindh Environmental Protection Agency ("SEPA") has set the date of 13 July 2017 for the public hearing of the Company's power plant Environmental and Social Impact Assessment ("ESIA").  The meeting will be held in Thar Block VI.

 

The ESIA and supporting documents, including an environmental and social management and monitoring plan, were prepared to assess the potential environmental and social impacts of the Project and to identify any measures that would be needed to reduce or eliminate any significant impacts.  The ESIA was carried out in accordance with national legislation and where applicable, international methodologies were used to assess whether the project met the relevant environmental and social standards. The ESIA has been prepared by Mott MacDonald Limited (UK and Pakistan offices).  Final approval of the ESIA is expected to be received shortly after the public hearing and is given by SEPA by way of a "No Objection Certificate".

 

The ESIA has been placed on the Company's website: www.oraclecoalfields.com .

 

Shahrukh Khan, CEO of Oracle said:

 

"This is a further step in finalising the necessary approvals for the Project.  The Company looks forward to updating the market as progress is made towards financial close."

      

 

For further information:

Oracle Coalfields PLC

Shahrukh Khan

 

+44 (0) 203 580 4314

Brandon Hill Capital Limited

Oliver Stansfield

 

+44 (0)203 463 5000

Peterhouse Corporate Finance

Charles Goodfellow

 

+44 (0)20 7220 9791

Grant Thornton UK LLP (Nominated Adviser)

Salmaan Khawaja, Richard Tonthat, Daniel Bush 

 

+44 (0) 207 373 5100

Blytheweigh                                                  

Tim Blythe, Camilla Horsfall, Simon Woods, Nick Elwes, Megan Ray 

 

+44 (0) 207 138 3204

Fortbridge                                                

Matt Beale, Bill Kemmery

 

+44 (0)7966 389196

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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