As
temperatures met a 62-year high in Delhi last June, a perplexing situation
continued to unfold across India with regard to power. As unprecedented outages
have become the order of the day, the country’s power sector finds itself in
dire need of quick solutions from untraditional sources. A recent report by
India’s Central Electricity Authority (CEA) indicated that the country’s energy
shortage is expected to be just over 5% while peak shortage will be 2% during
2014. Industry experts suggest, however, that the report misses the real
quantifiable mark and does not come close to representing the situation, which
is significantly worse. While the CEA report stated that Delhi and Punjab would
have excess energy in the current year, contrary to the report, both states are
actually faced with daunting power short falls.
Pan Global
Corporation (OTCQB: PGLO) is a company who sees India’s energy challenges in a
different light. The company’s business goals and strategic thinking is poised
to transform the apparent challenges into opportunities and believes they have
in front of them immense opportunities to grow. While India’s growth has
declined along with other major emerging markets, PGLO management believes the
overall India growth story is very real. Industry data suggests that India is
ripe for high GDP growth that will continue for many decades.
Pan Global
is focused on developing and supporting environmentally sustainable energy and
infrastructure projects and technologies. Its mission to build shareholder value
rests with investing in green energy technology and infrastructure around the
world. The company allocates resources in renewable energy and energy
efficiency technology and “green” projects that are vital to innovative
solutions for basic infrastructure.
The
company invests in different alternative energy projects, such as power
generation projects using solar photovoltaic (“PV”), mini-hydro, geothermal and
wind energy technologies, non-energy infrastructure technology and projects
that provide environmentally sustainable solutions in place of conventional
technology. Additionally, PGLO provides energy efficiency consulting to assist
businesses and households increase the efficiency of their energy usage and
adopt innovative green energy technologies.
For more
information on the company, visit www.PanGlobalCorp.com
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