CARSON CITY, NV--(Marketwired - Feb 12, 2014) - Pan Global, Corp. (OTCQB: PGLO) (the "Company") today discusses its small-hydro opportunities. The Company is planning to take advantage of India's need for sustainable energy production.
Pan Global, Corp. believes there are significant expansion opportunities for small-hydro facilities in India. The following link shows the commitment by India's government to small-hydro energy production where it is stated that "An estimated potential of about 15,000 MW of small-hydro power projects exists in India": http://www.mnre.gov.in/schemes/grid-connected/small-hydro/
Pan Global, Corp. believes small-hydro is on the cusp of being a key solution for many of the electricity power generation issues throughout the emerging markets, particularly India. The Company's intention is to complete its staggered acquisition of its first small-hydro project (a 5.7 MW hydro facility) in northern India within the next few months. The Company is also in the process of conducting its due diligence review of a second potential acquisition target (a 9.5 MW hydro facility), also in northern India.
The Company's management team has been working with a number of parties to create a hydro project pipeline, wherein it would acquire operating and under-development small-hydro projects. Specifically, the Company is in discussions with two parties to acquire up to 30 MW of hydro power projects which, if completed, would be expected to generate revenue for the Company, and another 15 MW of projects under development.
Not only is the Company's team in discussions with various players who have already been issued power purchase agreements by the Indian government, but it is also exploring additional opportunities for small-hydro potential in other areas, such as where traditional small-hydro technology cannot generate a fair return but new state of the art technology may be able to be implemented.
The Company's management commented, "We are persistent in our belief that the potential opportunity in small-hydro power is tremendous. We are planning and intend to become a major player in the development of small-hydro plants in India while contributing to the world's need for sustainable energy and providing value to our shareholders."
About Pan Global, Corp.
Pan Global, Corp., through its wholly-owned subsidiary, Pan Asia Infratech, Corp., is focused on environmentally sustainable energy, infrastructure and technologies. Our aim is to invest in green energy technology and infrastructure to build an inclusive green economy around the world.
For additional information, please visit: www.panglobalcorp.com, the contents of which are not incorporated into this press release.
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