U.S. company in discussions on Indian geothermal development
Charminar Mosque, state of Andhra Pradesh, India (source: flickr/ peevee@ds, creative commons) - picture not related to story
Alexander Richter
21 Oca 2014
A U.S. based investment company called Pan Global, Corp. has announced it is in advanced discussions on the participation in a geothermal project in India.
A U.S. based investment company called Pan Global, Corp. announces that it has – through its wholly-owned subsidiary Pan Asia Infratech Corp. – commenced preliminary discussions with a key developer in India’s geothermal industry about forming a potential partnership involving Pan’s investment in a geothermal power plant in India.
According to the developer, most of the steps required for bringing the geothermal power plant up to construction-ready status have been completed and that construction of the plant could begin shortly upon the closing of an adequate financing.
The Company will evaluate this opportunity and conduct customary due diligence and negotiations while continuing to provide updates as plans develop.”
No further details are available at this point.
Source: Company release via boston.com
