Pan Global, Corp. Discusses Small-Hydro Opportunities -- Market Potential of up to 15,000 MW in India
12 Febbraio 2014 - 2:00PM
Marketwired
Pan Global, Corp. Discusses Small-Hydro Opportunities -- Market
Potential of up to 15,000 MW in India
CARSON CITY, NV--(Marketwired - Feb 12, 2014) - Pan Global,
Corp. (OTCQB: PGLO) (the "Company") today discusses its small-hydro
opportunities. The Company is planning to take advantage of India's
need for sustainable energy production.
Pan Global, Corp. believes there are significant expansion
opportunities for small-hydro facilities in India. The following
link shows the commitment by India's government to small-hydro
energy production where it is stated that "An estimated potential
of about 15,000 MW of small-hydro power projects exists in India":
http://www.mnre.gov.in/schemes/grid-connected/small-hydro/
Pan Global, Corp. believes small-hydro is on the cusp of being a
key solution for many of the electricity power generation issues
throughout the emerging markets, particularly India. The Company's
intention is to complete its staggered acquisition of its first
small-hydro project (a 5.7 MW hydro facility) in northern India
within the next few months. The Company is also in the process of
conducting its due diligence review of a second potential
acquisition target (a 9.5 MW hydro facility), also in northern
India.
The Company's management team has been working with a number of
parties to create a hydro project pipeline, wherein it would
acquire operating and under-development small-hydro projects.
Specifically, the Company is in discussions with two parties to
acquire up to 30 MW of hydro power projects which, if completed,
would be expected to generate revenue for the Company, and another
15 MW of projects under development.
Not only is the Company's team in discussions with various
players who have already been issued power purchase agreements by
the Indian government, but it is also exploring additional
opportunities for small-hydro potential in other areas, such as
where traditional small-hydro technology cannot generate a fair
return but new state of the art technology may be able to be
implemented.
The Company's management commented, "We are persistent in our
belief that the potential opportunity in small-hydro power is
tremendous. We are planning and intend to become a major player in
the development of small-hydro plants in India while contributing
to the world's need for sustainable energy and providing value to
our shareholders."
About Pan Global,
Corp.
Pan Global, Corp., through its wholly-owned subsidiary, Pan Asia
Infratech, Corp., is focused on environmentally sustainable energy,
infrastructure and technologies. Our aim is to invest in green
energy technology and infrastructure to build an inclusive green
economy around the world.
For additional information, please visit: www.panglobalcorp.com,
the contents of which are not incorporated into this press
release.
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Contact Information Pan Global, Corp. Investor Relations Phone:
877-999-7978 Email: PGLO@panglobalcorp.com
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