Oracle Power's (LON:ORCP) CEO Naheed Memon talks to Proactive with her response to the level of activity amongst investors surrounding the status of the 'Letter of Intent' for the Thar Block VI Project.
Memon explains the LOI was applied for in March – shortly before the pandemic – and whilst Oracle originally believed that it would be issued during Q2, due to the various restrictions in force internationally, this was not possible.
Addressing the recent frustration from investors about the lack of guidance, Memon explains how the 2-3 months process from start to finish has turned into a 6-month process to date which is 'frustrating for all'.