Oracle Power Makes Additional Investment in Pakistan Green Hydrogen Power
July 11, 2022 | 3 min read July 11, 2022 | 3 min readOracle Power PLC (AIM:ORCP), the international natural resources project developer, announces that, further to its announcements of 30 March 2022 and 1 April 2022, Oracle and Kaheel Energy FZE (“Kaheel Energy”) (a wholly owned company of the Private Office of His Highness Shaikh Ahmed Dalmook Al Maktoum (“HH Private Office”)) advanced to their joint venture company, Oracle Energy Limited (“Oracle Energy” or the “JV”)), on 6 July 2022, in aggregate, approximately a further £390,000, at a price of 10 Pakistani Rupees per share, to further capitalise Oracle Energy and to progress the development of its green hydrogen project in Pakistan. The JV is being funded on a 70:30 basis by Kaheel Energy and Oracle, respectively.