Wednesday, April 23, 2014

Indian Government Gives Nod of Approval for P2 Solar, Inc. (PTOS) Rajgarh Hydro Project

P2 Solar, developer of solar photovoltaic (PV) and mini hydro power projects, reports that the Detailed Project Report (DPR) for its small hydro Project Rajgarh in Punjab, India, has been approved and accepted by the Punjab Energy Development Agency (PEDA) and the Punjab Irrigation Department (PID).

The DPR defines the proposed engineering design, hydrological data, and other critical factors impacting the project. Receiving clearance from PEDA and PID marks a significant achievement in progressing with the small hydro project.

“This is another significant step in moving our renewable energy projects forward in India,” P2 Solar CEO Raj-Mohinder Gurm stated in the news release. “The DPR is important as it is the basis for taking and assessing construction tenders for Project Rajgarh, which we will be assessing very shortly.”

Mini or small hydro plants are often used as an energy source that is more affordable and environmentally friendly than electricity, yet capable of meeting the challenges of energy sustainability. P2 Solar currently has two mini-hydro projects under development in India, a country well-known for its high population and overburdened electricity grid.

For more information visit www.p2solar.com

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