Oracle Coalfields PLC UK Block-VI

Block-VI: Oracle Coalfields, PLC (UK)

Open-pit Coal Mining of 4 MTPA and 2 x 330 MW Power Plant

Project Cost (Mine): US$ 0.672 bn

Project Cost (Power): US$ 0.743 bn

  – Feasibility Stage Tariff has been approved by TCEB.

  – Aiming for Financial Close in 2018.

  – JDA Signed with SEPCO China for Mining & Power Plant of 330 MW on mine mouth.

  – Signed an agreement with Yanzhou Coal Mining Company Ltd for participation in mining project.

  – The Company is in final stages of discussions with Sinosure and other equity providers for securing debt.

  – For Land Acquisition the Company has hired the Services of Hagler Baily Pakistan in accordance with the Resettlement Framework Policy of Sindh Government.

  – The ESIA has been approved by SEPA in January, 2014.