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,
With the global renewable energy market on track to reach $832 billion within the next four years, environmental technology company Pan Global is demonstrating its intention to file in as a competitive contender in the solar and hydropower segments of the green energy industry.
Pan Global operates through its wholly owned subsidiary, Pan Asia Infratech Corp., to focus on environmentally sustainable energy, infrastructure and technologies. The company’s growth strategy centers on the acquisition or development of green energy operations in India, a country long-known for its overburdened energy grid.
As part of this plan, Pan Asia Infratech in the fourth quarter of 2013 entered into a stock purchase agreement with Regency Yamuna Energy Ltd. for the staggered acquisition of Project Badyar, a 5.7MW small-hydro power plant in northern India. Pan Global has retained a global engineering consulting company to conduct visits and inspections of the project site on the company’s behalf.
Project Badyar is 95 percent complete. Upon commercial operations later this spring the plant is expected to generate annual revenue of roughly $1.95 million per year for the life of the project, which is 35 years under India’s Uttarakhand Electricity Regulatory Commission 2013 regulations and the Power Purchase Agreement.
In addition to its endeavors in the small-hydro power segment, Pan Global is focused on the development of a range of other green energy opportunities in India such as solar photovoltaic (PV), controlled-growth agriculture, mega-watt scale geo-thermal power projects and more.
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