Pan Global, focused on environmentally sustainable energy,
infrastructure, and technologies, announced that it has recently received and
accepted the preliminary engineering due diligence report for a second
potential acquisition of a small-hydro plant in northern India.
This plant has a capacity of 9.5MW and the report was prepared for the
company by Tractebel Engineering Pvt. Ltd.
“We remain confident that we will successfully complete our first
small-hydro plant acquisition, and we continually seek opportunities to reach
our goal of creating a portfolio of green energy projects. The results of this
preliminary engineering report by Tractebel encourage us to continue the
process of reviewing this second small-hydro plant as a potential acquisition,”
the company stated in the news release.
Pan Global said it expects to receive the final Tractebel engineering due
diligence report for this project shortly. If found satisfactory by Pan Global,
the final report will be followed by legal and accounting due diligence
performed by the same teams that undertook this work for the company’s
currently underway staggered acquisition of a 5.7MW small-hydro project in
northern India.
For additional information, please visit: www.panglobalcorp.com
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