For P2 Solar, seeing over five dozen
countries relying on hydropower for over half of their energy needs, the
opportunity to realize gains in market share is apparent. What is also apparent
is that fossil fuels still outpace alternative sources for satisfying the need
for electricity. With the production of electricity from mini-hydropower
projects on the rise and overall interest in the sector trending upward,
government officials all over the world are diverting their attention and
resources to it. Strategically in-sync with this emerging market, P2 Solar is a
company developing mini-hydropower projects for public and private sectors who
are embracing its advantages.
Mini-hydropower is appealing due to its
ability to rapidly respond to changing demand for flood control, electricity
and water management. These mini-hydropower generation plants need
approximately two to five years to develop as compared to large hydropower
plants, which have a development period twice as long. Beyond their shorter
development cycle, small and mini-hydro projects net higher returns on
investment because of their lower up-front capital investment, maintenance,
operational and construction costs. Further enhancing the appeal of mini-hydro,
the local environmental disruption resulting from a project is minimal relative
to that of a tradition large hydropower plant.
In a recent announcement, P2 Solar
acknowledged that its subsidiary in India signed a power purchase agreement
with the Punjab energy distribution company for its Rajgarh Mini-Hydro Project.
The announcement is significant for the company as it brings its intended goal
to fruition after several years of work. The agreement involves payment terms
of 35 years at a tariff of approximately $0.10 USD. The company feels the terms
offer a high rate of return and create cash flow at no cost. With this
agreement PTOS can close bids for construction and proceed to build the
project.
PTOS’s work is within the renewable energy
market developing solar photovoltaic (PV) power and mini-hydro projects.
Understanding that the demand for clean, renewable energy is rising due to
commercial efforts to reduce reliance on grid-produced electricity, P2 Solar is
diligently focusing its efforts in this direction so that it can realize the
benefit from this trend.
For more information, visit www.p2solar.com
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