CARSON CITY, NV--(Marketwired - Oct 25, 2013) - Pan Global, Corp. (
The Company is aiming to enter the small hydroelectric power market through a recently executed Letter of Intent between its wholly-owned subsidiary, Pan Asia Infratech, Corp., and a private corporation in India to acquire 100% of a 5.7 MW small hydro project in India.
The Company's management commented, "We have decided to invest in the Green Economy. We believe small hydro is on the cusp of being a key solution to many of the electricity power generation issues throughout the emerging markets, particularly India. Small hydro provides reliable power output while being less environmental invasive than traditional large-scale hydro projects that use dams, and at a fraction of the cost."
The Company cites the following articles and reports from various sources around the globe as providing insight into the growing excitement around small hydro and validating the Company's belief that small hydro power may be emerging as the next big thing in green energy, especially in India.
- "Why Small Hydropower is Making a Big Splash"
- "Small Hydropower, a promising technology for rural electrification"
- "Small Hydro: Small Hydro is Getting BIG"
- "Potential of Small-Scale Hydropower for Electricity Generation in Sub-Saharan Africa"
- "Why Small Hydropower Beats Big Dams"
- "Small hydro in India: Bringing power to all"
- "Steady Growth in Small Hydro Power..." a report on Small Hydro Power in India by ICRA Limited, An Associate of Moody's Investors Service
Further details of the Letter of Intent are available in the Company's Form 8-K filed with the SEC on September 18, 2013 and available free of charge on the SEC's website, www.sec.gov.
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 the Company's website, www.panglobalcorp.com, the contents of which are not incorporated into this Press Release.
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