27
February 2024
Oracle Power
PLC
("Oracle" or the
"Company")
Commencement of Geotechnical
Study & Electrical Resistivity Survey for Renewable Power
Production Facility
Oracle Power PLC (AIM: ORCP), an
international project developer, together
with its joint
venture company, Oracle Energy
Limited ("Oracle Energy"), a developer of green energy projects,
are pleased to announce commencement of the requisite Geotechnical
Study and Electrical Resistivity Survey (ERS) in respect of the
planned Renewable Power plant on the project site in Jhimpir, in
the Sindh Province of
Pakistan. Oracle
Energy has appointed F&M (Pvt.) Limited
("F&M"), a reputable
provider of engineering, testing, and verification services, to
conduct the Geotechnical Study and ERS.
The Geotechnical
Study will encompass
soil investigation and deploy rotary drilling to
obtain disturbed and undisturbed samples, as well as core drilling
to assess rock formations on the site. The study will record rock
quality designations and core recovery values. Field tests will
include a standard penetration test and a cone penetration test
followed by thorough laboratory testing. A comprehensive
engineering report will be delivered, encompassing the field and
laboratory data, soil and rock stratigraphy, bearing capacity,
settlement and recommendations.
The Electrical Resistivity
Survey will determine lithology,
porosity and permeability from boreholes
drilled. By determining these conditions
through ERS technology, developers can seek to optimise site
planning and infrastructure design to account for subsurface
conditions. Furthermore, the resistivity survey report will serve
to inform water management strategies, flood risk assessment and
environmental impact mitigation. The integrated approach
of parallel soil investigation and an ERS will provide vital data
and valuable insights for informed decision-making in the
engineering, design and construction planning phase of the
project.
Naheed Memon, CEO of Oracle,
commented:
"The commencement of these important studies is testament to
our commitment to responsible project development. We remain
aligned with national and international standards as we seek to
advance relationships with potential investors and lenders and move
closer to the Front-End Engineering Design (FEED) phase, thereby
solidifying our path towards a comprehensive and sustainable
project blueprint. The combined insights from soil investigation
and an electrical resistivity survey will ensure the structural
integrity and safety of the project and significantly contribute to
sustainable development, efficient resource management and
environmental stewardship."
-ENDS-
For further
information on Oracle Power PLC, visit the Company's website
at www.oraclepower.co.uk or
contact:
Oracle Power PLC
Naheed Memon - CEO
+44 (0) 203 580 4314
Strand Hanson Limited (Nominated
Adviser & Joint Broker)
Rory Murphy, Matthew Chandler, Rob
Patrick
+44 (0) 20 7409 3494
Global Investment Strategy UK Limited
(Joint Broker)
+44 (0) 20
7048 9432
Samantha Esqulant
St Brides Partners Limited
(Financial
PR) +44
(0) 20 7236 1177
Susie Geliher / Isabel de
Salis
About F&M (Pvt.) Ltd
Founded in 2017, F&M Inspections
(Pvt.) Ltd. has become a leading provider of engineering, testing,
and certification services. Offering NDT, API, building stability
assessments, material testing, chemical & water testing, GAP
analysis, ISO training, risk assessments, and
national/international certification support, their experienced
team adheres to international standards while delivering
client-centric solutions for industries such as construction, oil
& gas and manufacturing. With a commitment to following
international codes and standards, quality, and integrity, they
assist industries across Pakistan in achieving their
goals.