|By Marketwired .||
|January 16, 2014 08:15 AM EST|
CARSON CITY, NV -- (Marketwired) -- 01/16/14 -- Pan Global, Corp. (OTCQB: PGLO) (the "Company") today announces the commencement of its due diligence investigation process for a second potential small-hydro plant acquisition in northern India. This small-hydro plant has a capacity of 9.5MW and is being reviewed for the Company by Tractebel Engineering Pvt. Ltd. (http://www.tractebel-engineering-gdfsuez.com/)
The Company expects Tractebel's engineering due diligence for this project to be completed during the next few weeks, which, if satisfactory, will be followed by legal and accounting due diligence performed by the same teams that undertook this work for the Company's currently underway staggered acquisition of a 5.7MW small-hydro project in northern India.
Management commented, "The Company remains committed to building a diverse portfolio of green energy projects. We continue to be confident about completing our first small-hydro plant acquisition and look forward to reviewing the due diligence reports and considering this second power plant as a potential acquisition."
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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Pan Global, Corp.