Followers | 437 |
Posts | 42954 |
Boards Moderated | 2 |
Alias Born | 05/08/2006 |
Thursday, April 03, 2014 2:34:20 PM
Today, Pan Global issued the third of its five-part series of shareholder updates on growing market opportunities in India’s green energy industry as well as in-depth coverage on its small-hydro plant acquisition. The third shareholder update featured a slideshow presentation of the northern India-based 5.7MW small-hydro project, known as Project Badyar, which Pan Global has been acquiring on a staggered basis.
In addition to being accessible at SlideShare (http://www.slideshare.net/slideshow/embed_code/33051642), Pan Global will be posting the presentation on its website (http://www.panglobalcorp.com).
The presentation’s highlights include:
• Construction of Project Badyar is scheduled to be completed this spring, or more specifically, within the next 15 to 30 days, barring any adverse weather conditions or other unforeseen circumstances
• The project is expected to have a lifespan of 35 years and to operate 24/7/365
• Project Badyar is anticipated to provide 27,500 MW per year, covering the demand of approximately 100,000 Indian households.
Pan Global has been making strong, steady progress in its 100% acquisition of Project Badyar. The company is acquiring the small-hydro plant from Regency Yamuna Energy Limited, a private Indian corporation commissioning the project. In a previous disclosure on October 28, 2013, Pan Global had signified its intent to acquire all of Regency Yamuna Energy Limited’s outstanding shares and convertible debt (if not previously converted). Pan Global recently announced progress in the stock purchase agreement with the Indian corporation and its shareholders, having completed the third tranche of the acquisition. Pan Global currently holds 7.51% equity interest in regency Yamuna Energy Limited. The stock purchase agreement is being done through Pan Global’s wholly owned subsidiary, Pan Asia Infratech Corp.
Pan Global’s management commented, “We are extremely proud to share today with our shareholders more detail of the first small-hydro plant we are working towards acquiring. RYEL has done a tremendous effort over the past few years in getting the Project Badyar construction to this stage. Once construction is completed, the process of getting Project Badyar connected to power grid is intended to begin immediately so that the plant can commence commercial operations as soon as possible. We are excited to be involved and look forward to the future and intend to continue increasing our equity interest in RYEL under our acquisition agreement with them.”
Company management elaborated, “We look forward to continuing to provide our shareholders with additional information and insights into our vision and plans with this Analysis Series. We believe in the path we have chosen, and remain committed to our long term goal of building shareholder value.”
Pan Global has been making steady progress in its other plans as well. The company just received a comprehensive research and development report for planned northern India-based hydroponic operations. In February 2014, Pan Global received the preliminary due diligence report for its second small-hydro acquisition target, a 9.5MW small-hydro plant also in northern India.
Through its subsidiary, Pan Global is working to invest in green energy technology and infrastructure to build an inclusive green economy around the world.
For more information about Pan Global’s initiatives, please visit: www.panglobalcorp.com
Recent FWFW News
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 09/04/2024 04:37:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 06:54:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 07:58:11 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 06:38:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 12:13:21 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM