REPORT

Oracle Power receives approval for 700MW power plant in Pakistan

Oracle Power said the company and its Chinese joint venture partners had received approval from Pakistani authorities to build a 700MW coal-fired power plant. The development marked the first phase of a of a 1,400MW power plant, the company confirmed. The power plant size, originally submitted as first phase 660MW — of a total plant size of 1,320MW — had been increased to 700MW to comply with new requirements in Pakistan.

http://www.stockmarketwire.com/article/5851863/Oracle-Power-receives-approval-for-700MW-power-plant-in-Pakistan.html