Pan Global Corp. (PGLO) Pursues Opening in Geothermal Energy Industry

Pan Global Corp., a renewable energy technology and sustainable infrastructure company based in the Carson City, Nevada, is set on breaking new ground. The company wants to build an all-encompassing green economy around the world. To advance this mission, Pan Global is involved in developing, building, owning, operating, supporting and investing in projects and technologies for environmentally-sustainable markets and sectors including:

•           Alternative energy (e.g. solar, hydro, wind and geothermal)

•           Energy efficiency

•           Water remediation and management

•           Sustainable agriculture and buildings

Pan Global’s managers are especially focused on India. They see the promise in the country’s green energy market and are intent on discovering and pursuing opportunities that will allow the company to enter this market. Pan Global’s managers have been considering opportunities to develop electric power generation projects from alternative energy sources (solar, mini-hydro, geothermal and wind) and have steadily gained confidence in their plans because of a rising perception that India’s new government is highly supportive of ramping up the country’s renewable growth plans.

Lately, Pan Global has been in discussions with a key developer of geothermal power plants about a partnership and investment in India. The company recently provided an update on its plans for entering the geothermal energy production industry and confirmed that the talks are progressing positively and that both parties expect to yield a framework for joining forces on a project soon.

Geothermal energy is one of Pan Global’s focus areas within the renewable energy sector and management is encouraged that its plans surrounding geothermal are moving forward. While the company has yet to enter into a binding agreement at this point, it will continue to evaluate the opportunity, conduct customary due diligence, and progress with negotiations.

For more information, visit www.panglobalcorp.com

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