Pan Global (OTC: PGLO),
through its wholly-owned subsidiary, Pan Asia Infratech Corp., is continuing to
strategically position itself in the rapidly growing solar market of India.
Through its recent announcement of the development of a new solar installation
and services marketplace designed specifically for India, the company is hoping
to create a foothold in the rapidly developing energy market of the world’s
second most populous country.
According to a report by
A.T. Kearney, a worldwide global management consulting firm, rising energy
costs and steep demand in India is driving solar power towards becoming a
multibillion dollar market. As solar production costs continue to drop in
coming years, experts predict that solar power could have an even greater
fundamental impact in India than in other developing countries.
“We have recognized the
growth potential regarding green energy in India, and we believe we have
identified an opportunity for the company to enter the solar market,” remarked
Pan Global management. “India has the world’s fifth largest electricity
generation capacity, and the demand for power has been growing at a rapid rate
and overtaken supply,” management continued, “We believe we’re in good position
to take advantage of this tremendous opportunity.”
Pan Global’s specialized
marketplace website, which is still under development, is intended to focus on
bringing buyers and sellers of solar equipment together. Initially, the company
plans to focus on rooftop solar paneling systems before, potentially, expanding
into other products and services.
In addition to its focus
on solar power generation, the company, through its staggered acquisition of
Regency Yamuna Energy Limited, has an interest in a 5.7MW small-hydro plant
located in northern India. The plant, known as Project Badyar, was recently
connected to the main power grid as it approached completion.
By focusing on
environmentally sustainable energy, infrastructure and technologies, Pan Global
aims to help build an inclusive green economy around the world.
For more information,
visit www.PanGlobalCorp.com
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