Oracle Power

What Oracle Power does

Oracle Power PLC is a UK-incorporated, London AIM-listed (ticker ORCP) international project developer of natural resource and energy projects, with a diversified portfolio spanning coal, gold, copper, solar, wind, green hydrogen, and green ammonia. The company develops projects at early stage, de-risks them to bankability, and seeks exits through offtake agreements, joint ventures, and consortium structures. Its core assets include a 12% equity interest in a CNCDC-led consortium developing the Thar Block VI coal and power project in Pakistan (with access to 185 billion tonnes of lignite — the world's sixth largest coal resource), a planned 1,320 MW coal-fired power plant with K-Electric as direct offtaker, a 1.3 GW hybrid renewable energy project (800 MW solar plus 500 MW wind) and a 1 GW solar park in Thar, and a 400 MW green hydrogen and ammonia production facility in Jhimpir with non-binding offtake agreements from PetroChina International and Emirates Global Aluminium. In Australia, Oracle holds the Northern Zone Gold Project near Kalgoorlie (2.5–4.8 Moz exploration target under a farm-in with Riversgold Ltd) and the Blue Rock Valley Copper and Silver Project acquired in June 2024. The company generates revenue through project equity stakes, development fees, and future divestiture of developed assets rather than recurring operating sales, and is currently pre-revenue. Oracle's go-to-market is enterprise-level, leveraging strategic relationships with Chinese state-owned enterprises (PowerChina, State Grid, CNCDC), royal family affiliation with Sheikh Ahmed Dalmook Al Maktoum, and positioning within the China Pakistan Economic Corridor (CPEC) framework.

Name

Oracle Power

Legal name

Oracle Power PLC

Website

https://oraclepower.co.uk

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Oracle Power PLC is a UK-based, AIM-listed project developer developing coal, renewable, green hydrogen, gold, and copper projects in Pakistan and Australia through consortium structures with Chinese state-owned enterprises and royal family partners.

Ownership category

akta.pro rank

Product category

Natural Resource and Energy Project Development

NAICS

Solar Electric Power Generation (221114), Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industry

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

Keywords

• Project development services
• Green hydrogen production
• Coal power generation
• Mineral exploration projects
• Renewable energy infrastructure

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Project Development Fees and Equity Stakes: Oracle Power develops natural resource and energy projects at early stage, de-risking them to achieve bankability, then seeks timely and profitable exits to accrue shareholder value. Revenue is generated through project equity stakes, development fees, and eventual divestiture of developed assets or interests.
2. Green Hydrogen and Ammonia Sales: Production and sale of green hydrogen (55,000 tonnes/year) and green ammonia (275,000 tonnes/year) to industrial off-takers including PetroChina International and Emirates Global Aluminium.
3. Power Generation and Sales: 1320MW coal-fired power plant at Thar Block VI supplying electricity to K-Electric under direct off-take arrangement, and renewable energy from hybrid solar/wind facility selling to national grid or private distributors.
4. Mineral Sales (Gold, Copper, Silver): Extraction and sale of gold from Northern Zone Project in Western Australia, and copper/silver from Blue Rock Valley Project, with Riversgold Ltd potentially acquiring 80% stake in the gold project.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Oracle Power PLC is an international project developer that develops and de-risks large-scale natural resource and energy projects in Pakistan and Australia. Its core offerings include green hydrogen and ammonia production, hybrid solar/wind renewable power, a 1320 MW coal-fired power plant, coal-to-gas and coal-to-liquids conversion, and gold and copper/silver mineral exploration. The company develops projects at early stage, secures strategic partners, and seeks exits through offtake agreements, joint ventures, and consortium structures.

Product overview

Oracle Power is an international project developer operating a diversified portfolio of natural resources and energy projects. The company develops projects across two primary regions: Pakistan and Australia. In Pakistan, the core offerings include a Green Hydrogen Project producing hydrogen and ammonia from hybrid solar/wind power, a 1 GW Thar Solar Park, a 1.3 GW hybrid renewable energy facility, a 1320 MW coal power plant, and coal-to-gas/liquids conversion facilities. In Australia, Oracle Power operates gold exploration (Northern Zone Gold Project near Kalgoorlie) and copper/silver exploration (Blue Rock Valley Project). These projects are developed through strategic partnerships with global industry leaders including PowerChina, State Grid Corporation of China, China National Coal Development Company, and Riversgold Ltd.

Differentiator

Problem solved

Functional benefit

Products and services

• Green Hydrogen Project A pioneering green hydrogen production facility in Pakistan's Jhimpir Wind Corridor, producing green hydrogen and green ammonia for global clean energy demands. The project includes hybrid renewable energy production (800 MW solar, 500 MW wind), 450 MWh battery storage, and a 400 MW electrolyser capacity producing approximately 55,000 tonnes of green hydrogen or 275,000 tonnes of green ammonia annually, targeting industrial off-takers for decarbonization programs.
• RE Project (Renewable Energy Hybrid) A planned 1.3 GW hybrid solar and wind power project in Jhimpir, Sindh, Pakistan, combining an 800 MW PV Solar Farm with a 500 MW Wind Farm, located approximately 30 km from Karachi, developed in partnership with State Grid Corporation of China to supply renewable power to the national grid and private distributors.
• Thar Solar Park A planned 1 GW solar park in Thar Block VI, designed to lower emissions and support environmental sustainability, with support from the Government of Sindh and partnership with PowerChina International Group Limited to set a new standard for cleaner, greener energy in the region.
• Northern Zone Gold Project A gold exploration project in Western Australia, located approximately 25 km east of Kalgoorlie near the Super Pit. The project has an exploration target of 2.5 to 4.8 Moz gold, with highest grade assay of 11.0 g/t gold over 1 metre at 46 metres depth, developed in partnership with Riversgold Ltd under a farm-in agreement.
• Blue Rock Valley Copper and Silver Project A copper and silver exploration project in the Ashburton Basin, Western Australia, located approximately 165 km southeast of Onslow. Historical drilling indicates high-grade copper mineralization with assays showing up to 50% copper in rock chip samples, expanding Oracle Power's mineral exploration portfolio.
• Thar Block VI Coal Power Plant A proposed 1320 MW coal-fired power plant (2 units of 660 MW each) in Thar Block VI, developed under CPEC with K-Electric as off-taker, in partnership with PowerChina International and China National Coal Development Company to supply baseload electricity to Pakistan's largest private electricity distributor.
• Coal-to-Gas and Coal-to-Liquids (CTG/CTL) Facility A coal gasification and coal-to-liquids facility at Thar Block VI for producing urea/fertilizer and synthetic fuels, addressing Pakistan's projected urea shortfall of 2.6 Mtpa by 2026-2027, developed in partnership with China National Coal Development Company.

Quantifiable outcome

• 55,000 tonnes/year green hydrogen production capacity
• +5 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• PowerChina InternationalcoreStrategic or Co-development Partner · 1 May 2023PowerChina International signed an MOU in May 2023 for development of the 1320MW Thar coal-fired power plant as part of the consortium with K-Electric and provincial Government of Sindh. PowerChina is also the development partner for the 1 GW solar park in Thar Block VI, signed in April 2023.
• Riversgold LtdcoreStrategic or Co-development Partner · 1 May 2023Farm-in agreement signed in May 2023 with Riversgold Ltd, an ASX-listed gold exploration company, for Riversgold's potential acquisition of 80% ownership stake in the Northern Zone Gold Project in Western Australia.
• State Grid Corporation of ChinacoreStrategic or Co-development Partner · 1 March 2023Collaborative development agreement signed in March 2023 for the 1.3 GW hybrid solar and wind renewable energy project in Jhimpir, Sindh. Partnership encompasses feasibility studies and potential financial support for project development.
• Kaheel Energy LimitedcoreStrategic or Co-development Partner · 1 October 2021Oracle Power is developing its green hydrogen production facility in Pakistan's Jhimpir Wind Corridor through a joint venture with Kaheel Energy Limited, linked to His Highness Shaikh Ahmed Dalmook Al Maktoum. Kaheel Energy serves as the local partner for the project.
• His Highness Sheikh Ahmed Dalmook Al MaktoumcoreStrategic or Co-development Partner · 1 March 2021Oracle Power formed a joint venture in March 2022 with His Highness Shaikh Ahmed Dalmook Al Maktoum to develop the green hydrogen project on a fast-track basis. The Private Office of Sheikh Ahmed Dalmook Al Maktoum holds 15% proposed equity under the consortium agreement for Thar Block VI.
• China National Coal Development Company (CNCDC)coreStrategic or Co-development Partner · 1 December 2019CNCDC is Oracle's consortium partner for Thar Coal Project development. In December 2019, a Joint Development Agreement was signed for coal-to-power and coal-to-gas/coal-to-liquids development. CNCDC holds 73% proposed equity under the consortium agreement and is conducting comprehensive feasibility studies for coal gasification at Thar Block VI.
• PetroChina International (Middle East)coreChannel Partner/ Reseller/ DistributorNon-binding off-take agreement signed for Green Hydrogen/Green Ammonia supply along with associated carbon credits.
• Emirates Global AluminiumcoreChannel Partner/ Reseller/ DistributorNon-binding off-take agreement to supply green hydrogen into EGA's giant smelting company's decarbonisation programme.
• K-ElectriccoreChannel Partner/ Reseller/ DistributorPakistan's largest private electricity distributor serving as off-taker for the 1320MW Thar coal-fired power plant. Direct supply agreement eliminates need for power purchase agreement with Government of Pakistan via NTDC.
• SSGC (Sui Southern Gas Company)minorStrategic or Co-development PartnerMoU between Oracle and SSGC to explore viability of producing and selling syngas derived from Thar coal for integration into SSGC's gas network, contributing to resolving Pakistan's gas supply challenges.
• Dii Desert EnergyminorStrategic or Co-development PartnerOracle Power is a partner of Dii Desert Energy alliance, joining important players in the Green Hydrogen universe for knowledge sharing and industry collaboration.
• GGGI (Green Global Growth Institute)minorStrategic or Co-development PartnerCollaboration agreement with GGGI, an international organization headquartered in Seoul, South Korea, led by Mr. Ban Ki-moon, 8th Secretary General of the United Nations, for development support and knowledge sharing.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Cokal Limited: ASX-listed metallurgical coal project developer focused on Bumi Barito Mineral project in Indonesia. Directly comparable as a small-cap, single-commodity project developer progressing a coal asset from feasibility to FID, with similar reliance on Chinese/Japanese partners and offtakers.
• Wishbone Gold plc: AIM-listed gold and base metals explorer/developer with David Hutchins (Oracle's chairman) as NED. Directly comparable as a small-cap UK-listed natural resource developer with project-level partnerships and similar investor base dynamics.
• Riversgold Ltd: ASX-listed gold exploration company and Oracle's farm-in partner on the Northern Zone Gold Project. Comparable as a junior gold explorer in Western Australia with the same asset exposure and exploration-stage economics.
• GoldStone Resources Ltd: AIM-listed gold miner led by Emma Priestley (Oracle NED). Directly comparable as a small-cap UK-listed gold developer with African assets and similar capital-raising profile for project advancement.
• Cloudbreak Discovery Plc: AIM-listed project generator/early-stage explorer with Emma Priestley as NED. Comparable as a small UK-listed natural resource developer advancing multiple commodity projects through partnerships.

Regional players

• The Hub Power Company (HUBC): Pakistan-listed independent power producer operating coal and gas plants via CPEC-supported projects. Comparable as a Pakistan-based IPP with Chinese partner equity serving domestic offtakers, providing a read on the regulatory and counterparty environment Oracle targets.
• K-Electric: Pakistan's largest private electricity distributor and named offtaker for Oracle's Thar 1,320 MW coal plant. Highly relevant as the direct customer, with comparable exposure to Pakistan power-demand growth and similar political/regulatory backdrop.
• Engro Energy (Engro Corporation): Pakistan-based power generation and fertiliser subsidiary with coal and LNG IPPs plus urea/fertilizer exposure. Comparable as a domestic Pakistani competitor/adjacent operator in both power generation and coal-to-fertilizer markets that Oracle's CTG/CTL facility targets.

Broad incumbents

• ACWA Power: Saudi-listed large-scale renewable and thermal IPP developer across MENA, Central Asia, and emerging markets. Comparable as a multinational project developer targeting emerging-market utility-scale power and green hydrogen, but at materially greater scale and capital access.

Emerging players

• CWP Global: Project developer of large-scale green hydrogen and renewable energy hubs in MENA and North Africa. Comparable as a green-hydrogen-focused developer targeting industrial offtakers, providing a read on cost curves, offtake structures, and FID timelines relevant to Oracle's Jhimpir project.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks2 records

Key highlights6 records

Customer concentration

• Xtwitter.com/OraclePowerPlc
• LinkedInlinkedin.com/company/oraclepower-plc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oracle Power