Oracle Power PLC (AIM:ORCP) Update on Green Hydrogen Production Facility

Oracle Power PLC (AIM:ORCP), the international natural resources project developer, is pleased to announce the appointment of H&P Advisory Limited, part of the Hannam & Partners group, (“H&P”) as financial adviser and consultant to Oracle in relation to the Company’s potential green hydrogen project in Pakistan (the “Project”).

H&P will focus exclusively on the Project, providing strategic advisory and financial services to realise its full potential for the benefit of Oracle stakeholders, including the preparation of a valuation model. H&P’s work will be integrated into the various workstreams which are underway between Oracle and various other partners including buyers, technology suppliers, lenders and other interested parties.

Naheed Memon, CEO of Oracle, commented:

“Our green hydrogen production project is entering its next phase of planning and development and I am delighted to announce the appointment of H&P who will support us on this journey. H&P are a highly regarded investment bank with a proven track record in the resources and energy industries, and furthermore, they possess an exceptional network of international contacts through which to commercialise our green hydrogen project.

“Green energy is at the forefront of governmental decision making and is part of the global conversation more than ever before. Harnessing this emerging green fuel source will support the global transition towards a carbon-free future and also enable countries with significant renewable energy potential, such as Pakistan, to become competitive suppliers. I look forward to providing further updates on this globally significant project in due course.”

*ENDS*

For further information:

Oracle Power PLC

Naheed Memon – CEO

+44 (0) 203 580 4314


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