With
offices in Carson City and Mumbai, Pan Global operates within three sectors:
alternative energy, sustainable solutions, and energy-efficiency. The firm has
committed itself to project and technology acquisition and development
opportunities across the globe, but with a strong emphasis on India.
Pan
Global’s efforts come at a time when the landscape for renewable energy in
India is growing favorably. According to an article by Riju Agrawal in The
Diplomat, almost 70% of India’s electricity generation relies upon coal. In
light of this firm reliance on fossil fuels, the Modi administration has been
pushing for renewable energy solutions. These efforts are aimed at curbing
India’s already-substantial-but-growing energy demands and helping its energy
market achieve greater maturation.
Agrawal
notes that over 30% of India’s electricity and distribution is lost due to
theft and inferior wiring. Given these challenges and others, the opportunities
for renewable energy power in India are tremendous. In industry news from
earlier this year, it was reported India had achieved an installed capacity of
32,269.6 MW, or 12.95%, of its total potential for renewable energy capacity.
India’s Ministry of New & Renewable Energy has committed to growing this
installed capacity up to 41,400 MW by 2017, which translates into $10.51
billion worth of renewable energy opportunities.
With these
growth opportunities, Pan Global has been steadily positioning itself for
market gains. In recent months, the company has made progress in its project
development and acquisition initiatives. Developments such as when Project
Badyar, a 5.7MW small-hydro plant in Uttarakhand to which Pan Global has been
applying an astute staggered acquisition strategy, had a successful grid
connection, demonstrate Pan Global’s growing success. Pan Global’s wholly owned
subsidiary Pan Infratech Asia currently holds a 9.93% stake in outstanding
shares of the party which commissioned the project, the privately held Indian
corporation Regency Yamuna.
On the
whole, Pan Global has set its sights on the following immediate opportunities
in India:
• The
development of small-hydro power generation projects in India
• The development
of solar PV projects in India
• The
development of hydroponic agriculture under controlled conditions in India
• The
development of mega-watt scale geothermal power projects in India
Leveraging
its relationships, Pan Global looks to persist in its continued success, build
many highly environmentally sustainable and high ROI projects, and emerge as a
leader in the growing green economy worldwide.
For more
information, visit: www.PanGlobalCorp.com
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