Pan Global Corp. Negotiating Partnership and Investment in Geothermal Power Plant in India (Stockhouse)
Pan Global Corp. of Carson City, Nevada but with an office in Mumbai, India, has announced that it had begun talks with a geothermal developer over the prospects of a partnership and investment in a geothermal power plant in India. The geothermal developer, a key player in India’s geothermal industry, reports that most of the steps required for bringing the power plant to construction-ready status have been fulfilled. Thus, construction of the plant could begin shortly upon the closing of an adequate financing deal.
Pan Global’s management commented, “We have previously indicated that one of our focus areas within the renewable energy sector is geothermal energy production, so we are very pleased to be able to report about our entry into preliminary discussions on this front to our shareholders.”
