5th Nov 2024 12:24
(Alliance News) - Oracle Power PLC on Tuesday announced the completion of a transmission & grid interconnection study at its proposed hybrid renewable energy power plant in Jhimpir, Pakistan.
The Western Australia and Pakistan-focused energy projects developer undertook the study in collaboration with its joint development partner, China Electric Power Equipment & Technology Co Ltd, a subsidiary of the State Grid Corp of China.
The study was funded entirely by the State Grid Corp of China.
It assessed the technical feasibility of interconnecting the proposed 1.3 gigawatt power plant, which consists of 800 megawatts of solar power, 500 megawatts of wind power generation and a suitable battery energy storage system, intended to provide renewable power to the National Grid.
The study proposes interconnecting the plant to the 220 kilowatt Jhimpir-II grid station through a direct 220 kilowatt double circuit transmission line. A 260 megawatt battery energy storage system has also been proposed to enhance the system's reliability.
Chief Executive Officer Naheed Memon said: "This milestone marks the culmination of extensive investigative studies and sets the stage for the next phase of detailed engineering design. The findings of the study provide a solid foundation for securing potential off-take agreements for power. Our strategic focus remains on ultimately seamlessly integrating renewable energy into the National Grid, thereby enhancing energy security and promoting sustainable development in Pakistan."
The study has been submitted to the National Transmission & Dispatch Co Ltd, which is owned by the Ministry of Energy of Pakistan, for review and approval by the Pakistan government.
Shares in Oracle Power were up 10% at 0.02 pence each in London on Tuesday afternoon.
By Emily Parsons, Alliance News reporter
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