P2 Solar, Inc.
OTC Bulletin Board : NCII

P2 Solar, Inc.

April 07, 2009 08:57 ET

P2 Solar, Inc. Announces Government Approval to Build 25MW Solar Power Station in Punjab, India

SURREY, BRITISH COLUMBIA--(Marketwire - April 7, 2009) - P2 Solar, Inc. (the "Company") (OTCBB:NCII) is pleased to announce that it has submitted plans to the Indian State of Punjab for the construction of a twenty five (25) Mega Watt ("MW") Solar Power Plant. On March 20, 2009, the Company received governmental approval to build the 25MW Solar Power Station in the Indian State of Punjab. The present intention of the parties is to enter into a written agreement memorializing the terms of the project after May 20, 2009. The contract will include a Power Purchase Agreement for 33 years.

Mr. Raj-Mohinder Gurm, CEO of P2 Solar, Inc. stated, "We are extremely pleased to be working with the Indian Government with its need for electrical power. This initial phase of 25MW is part of a larger planned Power Station for the State of Punjab, and is being closely watched by a number of additional Indian States. We would like to thank all of the local, state, and federal agencies that assisted in making this project possible and look forward to working with them for years to come."

About P2 Solar, Inc.

P2 Solar, Inc. is dedicated to bringing high tech solar systems into the mainstream. Our mission is to provide green sustainable energy 24 hours a day, 7 days a week. This is accomplished by reducing the overall cost of solar through the company's newly acquired rights to an advanced solar hybrid technology and other leading solar technologies. The Company will manufacture solar panels for application in the Residential, Commercial, and Industrial markets and will build and operate power plants. For additional information please visit our web site at http://www.p2solar.com.

Safe Harbor Statement

Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the P2 Solar, Inc.'s reports filed with the Securities and Exchange Commission. P2 Solar, Inc. undertakes no duty to update these forward-looking statements.

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