Oracle Power gets the green light for a project in Pakistan

Oracle Power has received environmental approval to build a 1.3 GW renewable energy plant in Jhimpir, marking a significant step forward for green projects in Pakistan.

Share:

Investissement dans les energies renouvelables de l'entreprise

Oracle Power PLC, in collaboration with Oracle Energy Limited, has announced that it has received a no-objection certificate from the Sindh Environment Protection Agency (SEPA). It authorizes the construction of a 1.3gigawatt renewable energy production facility in Jhimpir, in Pakistan’s Sindh province. This certificate is based on the Initial Environmental Examination (IEE) report, an integral part of the Environmental and Social Impact Assessment (ESIA) report. It confirms the project’s compliance with strict regional environmental standards.

Project details and commitments

The project includes the installation of 800MW of photovoltaic solar panels and 500MW of wind power. They offer a combined capacity of 1300MW. As part of its commitments, Oracle Energy will ensure that it complies with national and provincial environmental quality standards. It will cover wastewater, drinking water, air emissions and noise levels. In addition, the company will implement a detailed environmental management plan. Part of the project will include tree planting to improve environmental conditions.

Future Benefits and Implications

SEPA’s approval not only facilitates potential financing for the project, but also underlines Oracle Energy’s commitment to sustainable development. Oracle CEO Naheed Memon stressed the importance of the project for the region’s energy supply. The project is strategically important for Pakistan. The country is seeking to diversify its energy sources and reduce its dependence on fossil fuels. SEPA’s confirmation of Oracle’s Jhimpir project represents a major step forward in Pakistan’s energy landscape. They promise not only cleaner energy, but also a step towards more sustainable development.

Baker Hughes is set to acquire Chart Industries for $13.6bn, surpassing Flowserve’s offer and ending the previously announced merger between Chart and Flowserve, according to sources close to the matter.
Spanish energy group Endesa reports strong first-half profit growth but warns of insufficient incentives in the new grid remuneration framework proposed by the CNMC.
The French group posted higher sales and profitability while setting a new record for its investment backlog, driven by the electronics and energy transition sectors.
Bureau Veritas completes acquisitions in cybersecurity in Denmark, nuclear in Germany, and transition services in South Korea, further strengthening its coverage of strategic high-growth markets.
Macquarie finalises the acquisition of Erova Energy, further strengthening its capabilities in the management and optimisation of renewable assets in the United Kingdom and Ireland amid rapid sector growth.
An agreement between Iberdrola and Echelon provides for the creation of a joint venture dedicated to the development of data centres in Spain, including an initial 144 MW site in Madrid, strengthening integration between energy and digital infrastructure.
TenneT strengthened its investments in electricity infrastructure in the Netherlands and Germany, reaching EUR 5.5 bn over six months, while a decision on the financing structure of its German subsidiary is expected in September 2025.
Eni is considering increasing its share buyback programme after financial results exceeded expectations, with reduced debt and revised annual targets in the gas segment.
Despite a sharp decline in sales and prices, Vallourec improved its profitability and issued an upward forecast for its gross operating income in the second half of 2025.
Eni announces a sharp decline in quarterly net profit, the result of lower oil prices and a weaker dollar, while maintaining a strengthened dividend policy and a development trajectory in renewables.
EDF is reassessing its industrial priorities and streamlining investments, as net profit falls to €5.47bn ($5.94bn) in the first half of 2025 due to a weakening electricity market.
Energy group Edison posts increased sales and investments despite a less favourable market environment, advancing its renewables development and strengthening its positions in Italy.
SEGULA Technologies opens an office in Cape Town, strengthening its presence in the African market and targeting expansion in energy, rail, and automotive sectors, in partnership with South African industrial firm AllWeld.
GE Vernova's revenue rose by 11% in the second quarter, driven by momentum in its Power activities, as the US group raised its financial targets for 2025.
The Allrig group is expanding its operations in Saudi Arabia, supported by AstroLabs, to boost energy efficiency and address the growing needs of the local oil sector.
Saipem and Subsea7 formalise their merger agreement, resulting in the creation of Saipem7, an international energy services player with consolidated revenue of €21bn and an order backlog of €43bn.
TotalEnergies reports a significant decrease in net profit and revenue for the second quarter, while relying on growth in its hydrocarbon and electricity production to sustain profitability and global ambitions.
Baker Hughes posted attributable net income of $701 mn in the second quarter, while executing several strategic transactions and strengthening its position in industrial technologies and oilfield services markets.
Equinor announces a 13% decline in adjusted profit for Q2 2025, driven by falling oil prices, despite rising gas prices and production.
Halliburton reports a 50% drop in net income and nearly a 6% reduction in revenue for Q2, with demand in North America remaining particularly weak.