Today, Pan Global mentioned in a news release its interest in India’s
need for sustainable energy production. A recent online post issued by the
Ministry of New and Renewable Energy of the Indian government indicates the
Indian government’s commitment to development of small-hydro power
opportunities.
Based upon this measure, Pan Global believes that there are strong
expansion opportunities for small-hydro facilities in India. The company sees
small-hydro projects as being an ideal solution for electricity generation
issues in emerging markets such as India. Currently, Pan Global is working to
acquire its first small-hydro plant in North India, of which it is expected to
finish its staggered acquisition of in the coming months. The company is also
conducting its due diligence review of a second potential acquisition target (a
9.5 MW hydro facility), which is also located in northern India.
Pan Global’s management commented, “We are persistent in our belief that
the potential opportunity in small-hydro power is tremendous. We are planning
and intend to 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.”
Overall, Pan Global is looking to create a hydro project pipeline. It has
been working toward this goal with the help of a number of partners, seeking to
acquire hydro projects which are in operation or under development. Right now,
the company is in talks with two parties over the acquisition of up to 30 MW of
hydro power projects which, if completed, would be expected to generate revenue
for the company. It is also negotiating another 15 MW of projects under
development with these parties.
Pan Global is also looking at energy opportunities in other areas, such
as where other state-of-the-art opportunities may be better than small-hydro
sources for sustainable energy production.
For more information, visit: www.panglobalcorp.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment