QualityStocks would like to highlight
Pan Global Corp. (
OTCQB: PGLO), focused on building the world’s green economy by developing, building, owning, and operating the necessary infrastructure. Current opportunities are currently concentrated on developing projects in India, specifically in the areas of hydro-power generation, solar PV, geo-thermal, sustainable agriculture, and green construction.
In the company’s news,
Pan Global is a publicly traded company focused on environmentally sustainable energy, infrastructure, and technologies. Working through its wholly owned subsidiary, Pan Asia Infratech Corp., the company seeks to invest in green energy technologies and infrastructure, in efforts to build a global green economy that is low-carbon, resource-efficient, and socially inclusive.
Currently, Pan Global is pursuing environmentally sustainable projects in India. Its focus on project development there is not exclusive. On its website, the company lists the following objectives as its immediate priorities:
• development of small-hydro power generation projects in India
• development of solar PV projects in India
• development of agriculture under controlled growing conditions in India
• development of mega-watt scale geo-thermal power projects in India
• development of green buildings in India
Pan Global has been taking steps toward its first listed priority. For one, the company has been engaging in the completion of its staggered acquisition of a small-hydro power plant (5.7 MW) in northern India. Pan Global also has been looking at another small-hydro acquisition target in northern India (9.5 MW), for which it recently received and reviewed the final engineering due diligence report.
The Indian government recently made public its commitment to sustainable energy production. The Indian government’s Ministry of New and Renewable Energy recently published an online post in which it stated: “an estimated potential of about 15,000 MW of small-hydro power projects exists in India.” Strong user needs for energy has been shown to be strongly present in the country, as it has been estimated that India faces up to 20% electrical power shortages in multiple regions on a daily basis. Building on this demand, Pan Global intends to emerge as a global leader in green technology and infrastructure development.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
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