Scottsdale 8/21/2014 3:00:00 AM
QualityStocks News - Pan Global Corp. (PGLO) Pursues Green Energy Opportunity in Northern India
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 Corp. champions energy efficiency, alternative energy, and sustainable solutions around the world. The company incubates and funds investments in renewable energy technology and “green” projects that embrace innovative solutions for basic infrastructure. Pan Global is especially focused on developing a series of environmentally sustainable projects with high return on investment.
Many of Pan Global’s current prospects are developing projects in India. The company has a special focus on the following immediate opportunities:
1. The development of small hydro power generation projects
2. The development of solar PV projects
3. The development of agriculture under controlled growing conditions
4. The development of mega-watt scale geo-thermal power projects
5. The development of green buildings
The demand for power in India has grown at a brisk pace over the years and has now overtaken supply. After China, Russia, and the United States, India is the world’s fourth largest energy consumer so it is not entirely surprising that the country is experiencing a major shortage of electricity generation capacity.
India’s untouched market potential for renewable energy presents a huge growth opportunity for companies like Pan Global. In June of 2014, the Business Standard reported that India’s installed capacity for renewable energy had reached approximately 13% of the total potential available in the country. This was as of March 2014. The article also reported that, by 2017, India’s Ministry of New and Renewable Energy is looking to significantly grow the country’s installed capacity for overall energy. Until then, this will most likely create an opportunity worth more than $10 billion for the country’s renewable energy market.
Pan Global is setting up to be in position to take advantage of this enormous opportunity. For one, the company is executing its business strategy through the staggered acquisition of Project Badyar, a small-hydro power plant in northern India.
In October 2013, Pan Global entered into a stock purchase and acquisition agreement with Regency Yamuna Energy Limited (RYEL), the private Indian corporation commissioning Project Badyar, and its stockholders. In the agreement, Pan Global arranged to acquire all of RYEL’s outstanding shares and convertible debt (if not previously converted) on a staggered basis. Pan Global now has close to a 10% equity stake in RYEL.
As with Project Badyar, Pan Global will continue to grow its business through the acquisition and development of renewable energy projects in India and elsewhere, a strategy that will keep the company on track with its long-term goal of building shareholder value.
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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.
