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 has committed itself to project and technology acquisition and development opportunities across the globe, but with a strong emphasis on India. The company operates within three sectors: alternative energy, sustainable solutions, and energy-efficiency.
Pan Global’s efforts come at a time when the landscape for renewable energy in India is growing favorably. According to an article by Riju Agrawal in The Diplomat, almost 70% of India’s electricity generation relies upon coal. In light of this firm reliance on fossil fuels, the Modi administration has been pushing for renewable energy solutions. These efforts are aimed at curbing India’s already-substantial-but-growing energy demands and helping its energy market achieve greater maturation.
Agrawal notes that over 30% of India’s electricity and distribution is lost due to theft and inferior wiring. Given these challenges and others, the opportunities for renewable energy power in India are tremendous. In industry news from earlier this year, it was reported India had achieved an installed capacity of 32,269.6 MW, or 12.95%, of its total potential for renewable energy capacity. India’s Ministry of New & Renewable Energy has committed to growing this installed capacity up to 41,400 MW by 2017, which translates into $10.51 billion worth of renewable energy opportunities.
With these growth opportunities, Pan Global has been steadily positioning itself for market gains. In recent months, the company has made progress in its project development and acquisition initiatives. Developments such as when Project Badyar, a 5.7MW small-hydro plant in Uttarakhand to which Pan Global has been applying an astute staggered acquisition strategy, had a successful grid connection, demonstrate Pan Global’s growing success. Pan Global’s wholly owned subsidiary Pan Infratech Asia currently holds a 9.93% stake in outstanding shares of the party which commissioned the project, the privately held Indian corporation Regency Yamuna.
On the whole, Pan Global has set its sights on the following immediate opportunities in India:
• The development of small-hydro power generation projects in India
• The development of solar PV projects in India
• The development of hydroponic agriculture under controlled conditions in India
• The development of mega-watt scale geothermal power projects in India
Leveraging its relationships, Pan Global looks to persist in its continued success, build many highly environmentally sustainable and high ROI projects, and emerge as a leader in the growing green economy worldwide.
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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.
