Pan Global recently
rolled out the first installment in a five-part analytical series designed to
help shareholders and potential investors examine the massive potential for the
company’s broad-spectrum green energy technology and infrastructure development
efforts in India, as well as various aspects of PGLO’s ongoing campaign to
strategically acquire a portfolio of small-hydro plants in key markets
throughout the country.
Part A, the first
announcement in this new Analysis Series, plunges into the depths of India’s
thriving renewable energy sector and maps out the tremendous potential for
growth which has yet to be realized, with two comprehensive industry reports
and an article specifically focusing on the untapped upside. The small-hydro
data contained in the first report by top professional services firm Ernst
& Young, Mapping India’s Renewable Energy Growth Potential, is of
particular interest in light of PGLO’s recent statement that they closed the
third tranche in their staggered acquisition of a 5.7MW small-hydro project in
northern India that is being commissioned by Regency Yamuna Energy Limited
(RYEL), and in which PGLO now holds a 7.51% equity interest.
A second report,
this time from the Indo-German Energy Forum, Renewable Energy in India 2013
Overview (PDF), further details the abundant incentives for renewable
development in India that exist for those private sector companies looking to
invest. The article cited in this first installment of PGLO’s Analysis Series
keenly highlights the world’s largest blackout, The Great Indian Outage, which
stretched from New Delhi to Kolkata during July 30-31 in 2012, shutting off the
power to some 620M people and exposing the serious flaws in India’s traditional
power generation infrastructure. This event showcased the shortfalls in India’s
power generation capabilities strikingly, forcing them into the public
consciousness alongside a clear sense of the rapid increase in demand for
electricity from an ever-growing population. This notorious blackout has
subsequently thrown a glaring spotlight on the vital importance of offsetting
the issue through localized green energy solutions, particularly things like
small-hydro, a very bullish trend for PGLO’s ambitions.
The acquisition of
Regency Yamuna through PGLO’s wholly-owned Pan Asia Infratech Corp. subsidiary
is being carried out through a Stock Purchase Agreement (disclosed October 23,
2013) designed to see the company acquire 100% of the outstanding shares and
previously un-modified convertible debt of RYEL on a staggered basis. Site
visits and inspections for the 5.7MW project are now underway via trusted
global engineering consultancy company, Tractebel Engineering Pvt. Ltd., whom
PGLO has utilized in the past for their due diligence. The overarching goal of
these plant/site inspections will be to ensure that the construction, which is
set to be completed within roughly the next 30 days, is on par with the
company’s targeted standards for long-term viability and that the plant can be
immediately connected to the grid after construction wraps for the start of
commercial operations.
Management also
doubled down on their commitment to continue providing these kinds of rich
educational materials to investors through the Analysis Series and reaffirmed
the company’s vision of aggregating long-term shareholder value through
strategic investments in green energy technologies. Also in the cards are
ongoing talks being carried out with a well-positioned geothermal developer in
India which are aimed at the eventual launch of a partnership on a specific
plant development, something which would open up geothermal as an additional
project area for the company, a goal they have been cultivating for some time
now.
For more
information, visit: www.PanGlobalCorp.com
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