OEL has reached out to Pakistan’s Power Division, seeking support for the inclusion of its hybrid energy project in IGCEP and the issuance of NOC for the use of NTDC data.
Oracle Energy Limited (OEL) has reached out to Pakistan’s Power Division, seeking support for the inclusion of its hybrid energy project in the Indicative Generation Capacity Expansion Plan (IGCEP) and the issuance of a No Objection Certificate (NOC) for the use of National Transmission Despatch Company (NTDC) data. This move marks a significant step forward for the OEL in its endeavor to contribute to Pakistan’s energy landscape.
The OEL, a joint venture between Oracle Power Plc (AIM Listed Company) and Kaheel Energy, backed by Sheikh Ahmed Dalmook Al Maktoum, a prominent member of the Dubai Royal family, boasts a robust track record in project development within the natural resources sector. With flagship projects in power and renewable energy, the shareholders bring considerable expertise to the table.
In Southern Pakistan’s Jhimpir wind corridor, the OEL is spearheading the development of a 1.3 GW hybrid renewable energy power plant, comprising 500 MW of wind and 800 MW of solar energy. This ambitious project aims to harness the region’s abundant renewable resources to meet Pakistan’s growing energy needs sustainably.
To advance its project, the OEL secured a Letter of Intent (LoI) from the Government of Sindh, granting authorization for hybrid power production. Furthermore, it acquired 7,000 acres of land and inked an investment Memorandum of Understanding (MoU) with the State Grid Corporation of China, demonstrating its commitment to realizing the renewable power project.
The company has meticulously conducted various studies to ensure the project’s feasibility and environmental sustainability. Collaborating with reputable firms such as the Shanghai Survey, Design and Research Institute (SIDRI), State Grid, Power Planners International (PPI), and FUGRO, among others, the OEL has undertaken comprehensive assessments covering technical, environmental, and grid integration aspects.
A topographic survey utilizing cutting-edge drone technology provided critical terrain data for project design, while environmental impact assessments and geotechnical studies ensured compliance with regulatory standards and optimized site planning. Additionally, the initiation of the Verified Carbon Standard (VCS) Registry process underscores the OEL’s commitment to environmental stewardship and carbon credit trading.
With a planned installed capacity of 1300 MW, the OEL’s project necessitates integration with the NTDC grid system for electricity transmission. Accordingly, the company has requested an NOC from NTDC, enabling the utilization of grid system data for conducting grid interconnection studies. Furthermore, the OEL has urged the Power Division to consider including its project in the IGCEP, signaling its readiness to contribute significantly to Pakistan’s energy sector growth.
The inclusion of the OEL’s hybrid energy project in the IGCEP and the issuance of the NOC are pivotal steps that will not only facilitate the project’s implementation but also underscore Pakistan’s commitment to embracing renewable energy solutions.
As the nation strives to meet its energy demands while mitigating environmental impacts, collaborations between government entities and private enterprises like the OEL are essential for achieving sustainable energy security.