P2 Solar Inc (OTCBB: PTOS) recently announced that it entered into a Letter of Intent with South Korean EPC, OSolar. The two companies are working to form a Strategic Alliance as part of the project team for the 25MWp Solar Power Station proposed for Punjab India.
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OSolar brings a wealth of knowledge and expertise with its stellar team of engineers and technicians. Formerly known as Conergy Korea, the company separated from Conergy of Germany and changed its name to OSolar on January 11, 2010. It is currently responsible for designing, constructing and operating one of the largest Solar Power Stations in Asia at 24MWp in size. Both companies participated in working on the technical feasibility study that was submitted to the Indian government agencies at the end of January. As part of the Strategic Alliance, OSolar will provide various consulting, design, and construction, services, as well as assist in the funding. This being the first and largest solar power project of its kind in this region, it will become a showcase project for Punjab India. "We are very excited to be working with such a skilled and experienced team and look forward in having the unique knowledge and hands on experience of OSolar to assist us with our project in Punjab India," said Mr. Raj-Mohinder Gurm, President / CEO of P2 Solar.
P2 Solar, Inc. is dedicated to building large scale Solar Power Stations in countries with a high demand for clean renewable power. Currently the company is focusing its efforts in India as a primary target market, an area starved of power, yet enjoying maximum exposure to sunlight. The company will be involved in R & D for solar technology and will be implementing a Solar Module Assembly facility in India for the production of solar panels for application in its Commercial and Industrial projects.
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