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Tuesday, November 04, 2014 9:45:27 AM
As temperatures met a 62-year high in Delhi last June, a perplexing situation continued to unfold across India with regard to power. As unprecedented outages have become the order of the day, the country’s power sector finds itself in dire need of quick solutions from untraditional sources. A recent report by India’s Central Electricity Authority (CEA) indicated that the country’s energy shortage is expected to be just over 5% while peak shortage will be 2% during 2014. Industry experts suggest, however, that the report misses the real quantifiable mark and does not come close to representing the situation, which is significantly worse. While the CEA report stated that Delhi and Punjab would have excess energy in the current year, contrary to the report, both states are actually faced with daunting power short falls.
Pan Global Corporation (OTCQB: PGLO) is a company who sees India’s energy challenges in a different light. The company’s business goals and strategic thinking is poised to transform the apparent challenges into opportunities and believes they have in front of them immense opportunities to grow. While India’s growth has declined along with other major emerging markets, PGLO management believes the overall India growth story is very real. Industry data suggests that India is ripe for high GDP growth that will continue for many decades.
Pan Global is focused on developing and supporting environmentally sustainable energy and infrastructure projects and technologies. Its mission to build shareholder value rests with investing in green energy technology and infrastructure around the world. The company allocates resources in renewable energy and energy efficiency technology and “green” projects that are vital to innovative solutions for basic infrastructure.
The company invests in different alternative energy projects, such as power generation projects using solar photovoltaic (“PV”), mini-hydro, geothermal and wind energy technologies, non-energy infrastructure technology and projects that provide environmentally sustainable solutions in place of conventional technology. Additionally, PGLO provides energy efficiency consulting to assist businesses and households increase the efficiency of their energy usage and adopt innovative green energy technologies.
For more information on the company, visit www.PanGlobalCorp.com
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