Scottsdale 1/9/2015 8:00:00 PM
QualityStocks News - Pan Global Corp. (PGLO) Growth Plans on Course to Meet High Demand in 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 sees an excellent opportunity in India, with its population of 1 billion people. When it comes to the world economy, India is one of those very large “emerging markets,” alongside China and Brazil. These are three very large economies that are only recently beginning to show their potential and major economic power due to their large populations, technology innovations and increased business investments. With a country that houses nearly 15 percent of the world’s population within its borders, the energy and electricity needs of the country are astounding. Its needs are estimated to be about 1,000 terawatt hours (TWh), which makes it the fifth-largest energy consumer behind the U.S., China, Japan and Russia.
Producing that much electricity takes an “all of the above” approach and Pan Global Corp. is investing much of its resources in energy production solutions that go beyond oil and gas. With a lot of sunshine, wind and water resources in the country, Pan Global sees tremendous potential in developing solar, wind and hydroelectric energy for many citizens and residents of India. The Indian government announced that there are already 32 gigawatts of power being produced in the country by alternative or renewable means, and it has set an aggressive target of 41 GW of power by 2017. Part of this is expected to be a 4-gigawatt solar farm in north-central India, which would be about 10 times the size of any other existing solar farm in the world. Pan Global is focusing on India’s power needs, and expects to be heavily invested in this large growth opportunity.
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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.
