Oracle Coalfields PLC Power Plant Environmental/Social Impact Assessment (6422I)
June 21 2017 - 2:00AM
UK Regulatory
TIDMORCP
RNS Number : 6422I
Oracle Coalfields PLC
21 June 2017
Environmental and Social Impact Assessment for Power Plant
21 June 2017
Oracle Coalfields PLC
("Oracle", the "Company" or the "Group")
Power Plant Environmental and Social Impact Assessment Public
Hearing Date
Oracle Coalfields PLC (AIM:ORCP), the UK energy developer of a
combined lignite mineral resource and mine mouth power plant
located in the Thar desert in the south-east of Sindh Province,
Pakistan (the "Project"), announces that the Sindh Environmental
Protection Agency ("SEPA") has set the date of 13 July 2017 for the
public hearing of the Company's power plant Environmental and
Social Impact Assessment ("ESIA"). The meeting will be held in Thar
Block VI.
The ESIA and supporting documents, including an environmental
and social management and monitoring plan, were prepared to assess
the potential environmental and social impacts of the Project and
to identify any measures that would be needed to reduce or
eliminate any significant impacts. The ESIA was carried out in
accordance with national legislation and where applicable,
international methodologies were used to assess whether the project
met the relevant environmental and social standards. The ESIA has
been prepared by Mott MacDonald Limited (UK and Pakistan offices).
Final approval of the ESIA is expected to be received shortly after
the public hearing and is given by SEPA by way of a "No Objection
Certificate".
The ESIA has been placed on the Company's website:
www.oraclecoalfields.com .
Shahrukh Khan, CEO of Oracle said:
"This is a further step in finalising the necessary approvals
for the Project. The Company looks forward to updating the market
as progress is made towards financial close."
For further information:
Oracle Coalfields PLC +44 (0) 203
Shahrukh Khan 580 4314
Brandon Hill Capital Limited +44 (0)203
Oliver Stansfield 463 5000
Peterhouse Corporate Finance +44 (0)20 7220
Charles Goodfellow 9791
Grant Thornton UK LLP (Nominated
Adviser)
Salmaan Khawaja, Richard Tonthat, +44 (0) 207
Daniel Bush 373 5100
Blytheweigh
Tim Blythe, Camilla Horsfall,
Simon Woods, Nick Elwes, Megan +44 (0) 207
Ray 138 3204
Fortbridge +44 (0)7966
Matt Beale, Bill Kemmery 389196
This information is provided by RNS
The company news service from the London Stock Exchange
END
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