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Wednesday, February 26, 2014 11:46:30 AM
Pan Global channels its focus on sustainable energy and infrastructure projects and technologies to the Indian market, where the company has identified superior growth opportunities in a country poised for growth, driven by need.
India’s growth potential is fueled by an overburdened electrical grid and significant water shortages, which create the need for government interaction and renewable energy technologies such as solar, wind, biomass, and others.
Various Indian states are focusing on small and mini-hydro power projects as a viable solution, which provide reliable power output while being minimally invasive to the environment and at a fraction of the cost of large-scale hydro projects that use dams. India’s government has voiced its commitment to small-hydro energy production, revealing an estimated potential of about 15,000MW of small-hydro power projects in the country.
It is here that PanGlobal has identified significant opportunity in implementing a series of environmentally sustainable and high ROI projects by developing: small hydro power generation projects, solar PV projects, agriculture under controlled growing conditions, mega-watt scale geo-thermal power projects, and green buildings.
PanGlobal is in the process of completing its staggered acquisition of its first small-hydro project (5.7MW) in northern India, and recently received and accepted the final engineering due diligence report on a second small-hydro plant (9.5MW) potential acquisition target, also in northern India.
The company’s management team has said it expects the company will 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,” a statement supported by the company’s progression.
PanGlobal believes the Indian agriculture sector is ripe for environmentally sustainable technologies, and intends to achieve this by providing solutions to reduce the country’s environmental footprint, improving the efficiency of water use, and intensity of land use.
For more information visit www.panglobalcorp.com
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