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PGLO Focuses on Indian Energy Market’s Incredible Growth Potential
Pan Global (OTC: PGLO), through its wholly-owned subsidiary, Pan Asia Infratech Corp., is continuing to strategically position itself in the rapidly growing solar market of India. Through its recent announcement of the development of a new solar installation and services marketplace designed specifically for India, the company is hoping to create a foothold in the rapidly developing energy market of the world’s second most populous country.
According to a report by A.T. Kearney, a worldwide global management consulting firm, rising energy costs and steep demand in India is driving solar power towards becoming a multibillion dollar market. As solar production costs continue to drop in coming years, experts predict that solar power could have an even greater fundamental impact in India than in other developing countries.
“We have recognized the growth potential regarding green energy in India, and we believe we have identified an opportunity for the company to enter the solar market,” remarked Pan Global management. “India has the world’s fifth largest electricity generation capacity, and the demand for power has been growing at a rapid rate and overtaken supply,” management continued, “We believe we’re in good position to take advantage of this tremendous opportunity.”
Pan Global’s specialized marketplace website, which is still under development, is intended to focus on bringing buyers and sellers of solar equipment together. Initially, the company plans to focus on rooftop solar paneling systems before, potentially, expanding into other products and services.
In addition to its focus on solar power generation, the company, through its staggered acquisition of Regency Yamuna Energy Limited, has an interest in a 5.7MW small-hydro plant located in northern India. The plant, known as Project Badyar, was recently connected to the main power grid as it approached completion.
By focusing on environmentally sustainable energy, infrastructure and technologies, Pan Global aims to help build an inclusive green economy around the world.
For more information, visit www.PanGlobalCorp.com/
