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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