To
cost effectively and reliably supply power to more than 1.2 billion people is a
herculean challenge. Traditional fossil fuel power supplies require huge
infrastructure investments, ongoing and increasing costs for fuel, and sully
the environment in an already overcrowded and over polluted sub-continent.
India faces real challenges.
The
solution lies in reliable, clean and renewable energy. Once thought of as mere
wishful thinking, renewable energy projects have gained great acceptance and
wide-spread use as costs decline, effectiveness expands, and profitability
increases. No longer just “wishful thinking,” clean power has become a reliable
and cost-effective source of energy. That’s why India has clean power
initiatives to spur business development of renewable power sources.
Worldwide,
companies and countries are gravitating to clean power sources and reaping the
rewards. One such company is P2 Solar (PTOS). Based in Canada, P2 Solar
established its bona fides in British Columbia with one of the largest solar PV
projects connected to BC Hydro’s electricity grid. The project proved
successful even without government incentives and is expected to generate 10%
of the facility’s power requirements.
Capitalizing
on its success, P2 Solar has turned its focus to an aggressive mandate to
develop 150 MWp of electricity generating capacity in several phases over the
next few years. The company’s recent projects are two mini-hydro sites in India
where it has received favorable government support. When fully operational, the
Tibba mini-hydro project is expected to generate more than $300,000 in annual
revenue and achieve a 95% EBITDA margin. The Rajgarh Small-Hydro project, P2
Solar’s other Indian site, located near Punjab, is expected to generate
$400,000 in annual revenue when fully operational and achieve 95% EBITDA. These
are impressive EBITDA numbers by almost anyone’s standards.
This
could be just the beginning for P2 Solar as it moves aggressively toward the
broader company objective of 150 MWp. It sure looks like the clean power
revolution is for real.
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