Renewable energy is
generally defined as energy that comes from resources which are naturally
replenished on a human timescale such as sunlight, wind, rain, tides, waves and
geothermal heat. Renewable energy
replaces conventional fuels in four distinct areas: electricity generation, hot
water/space heating, motor fuels, and rural (off-grid) energy services
While global
renewable energy’s growth rate is trending at an 8% increase year-over-year,
environmental technology company Pan Global is positioning itself as a credible
contender in the solar and hydropower segments of the green energy industry.
Operating through
its wholly owned subsidiary, Pan Asia Infratech Corp., PGLO focuses on
environmentally sustainable energy, technologies, and infrastructure. The company uses a growth strategy centered on
the acquisition or development of green energy operations in India – a country
whose energy grid challenges are historically well-documented.
As part of this
plan, Pan Asia Infratech in the fourth quarter of 2013 entered into a stock
purchase agreement with Regency Yamuna Energy Ltd. for the sporadic acquisition
of Project Badyar, a 5.7 megawatt, small-hydro power plant in northern India.
Pan Global has retained a global engineering consulting company to conduct
visits and inspections of the project site on the company’s behalf.
With the Badyar
project 95% complete, projections from commercial operations for late spring
indicate that the plant is expected to generate annual revenue of approximately
$1.95 million per year for the life of the project, which is 35 years under
India’s Uttarakhand Electricity Regulatory Commission 2013 regulations and the
Power Purchase Agreement.
In addition to its
work in the small-hydro power segment, Pan Global is focused on the development
of various other green energy opportunities in India such as solar
photovoltaic, controlled-growth agriculture, mega-watt scale geo-thermal power
projects and more.
For more
information, visit www.panglobalcorp.com
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