Power system analysis and planning firm Power Planners International will undertake the study on behalf of Oracle and its development partner, CET, a subsidiary of the State Grid Corporation of China.
Oracle CEO Naheed Memon said: “This study will complete our feasibility study package for the power plant and will be instrumental in propelling us into the FEED (front-end engineering design) stage. Additionally, it will help to lay the groundwork for future confirmation of potential off-take and financing arrangements.”
The FEED process is a study phase that estimates the technical requirements and overall likely cost of a project.
This is Oracle’s second planned project planned in Pakistan with a state-owned Chinese partner. In April last year, the company signed a cooperation agreement with energy company PowerChina for a 1GW solar PV project, also in the Sindh province.
See the full original version of this article on PV Tech.
Energy-Storage.news’ publisher Solar Media will host the 2nd Energy Storage Summit Asia, 9-10 July 2024 in Singapore. The event will help give clarity on this nascent, yet quickly growing market, bringing together a community of credible independent generators, policymakers, banks, funds, off-takers and technology providers. For more information, go to the website.