Oracle Power PLC announced changes in executive responsibilities, with immediate effect. The Board has appointed Ms. Naheed Memon as an Executive Director and Chief Executive Officer, moving from her role as a Non-Executive Director, to manage the delivery of the Thar project on the ground in Pakistan. Ms. Memon has first hand experience of the steps required for project completion following her previous role as Chair of the Sindh Board of Investment (Government of Sindh).

Shahrukh Khan will remain as an Executive Director of the Company and will continue to assist in the development of the Thar project as it moves towards financial close, whilst also providing a presence in the UK and Europe to further increase the awareness of the Oracle investment case.