P2 Solar Signs Implementation Agreement for Rajgarh Hydro Project - WSPA.com

P2 Solar Signs Implementation Agreement for Rajgarh Hydro Project

Posted: Updated:

VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / May 1, 2014 / P2 Solar, Inc. (the “Company” or “P2″) (OTCQB: PTOS), developer of solar photovoltaic (PV) and hydro power projects, today announces that an Implementation Agreement has been signed with Punjab Energy Development Agency (PEDA), Punjab State’s governing authority on all renewable projects.

The signing of this agreement grants permissions to the Company to establish, operate, and maintain the project on a Build, Own, and Operate basis, as well as allows for the non-consumptive use of the canal water for the purpose of power generation during the initial agreement period of thirty five (35) years. After 35 years, PEDA and P2 with mutual consent will extend this agreement or PEDA will buy the project outright at market price.

Raj-Mohinder Gurm, CEO of P2, said, “This is another significant step as we can now hire an EPC (Engineering, Procurement, and Construction) contractor and start planning construction of the project. We will be in a position to announce hiring of the EPC and construction start date in six to eight weeks.”

About P2 Solar, Inc.

P2 Solar is primarily focused on building new solar PV projects where renewable energy policies are favorable and where the public and private sectors are actively seeking to incorporate solar PV into their electricity consumption profiles. Mini-hydro power projects represent a second major market opportunity being aggressively pursued.

Receive P2 news alerts by subscribing on our website at http://www.p2solar.com/ or follow us on Twitter via @p2solar. You can also find us on Facebook at https://www.facebook.com/p2solar.

Safe Harbor Statement

Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in P2 Solar, Inc.’s reports filed with the Securities and Exchange Commission. P2 Solar, Inc. undertakes no duty to update these forward-looking statements.

Investor Relations Contacts:

QualityStocks
Scottsdale, Arizona
http://www.qualitystocks.com/
480.374.1336 Office
Editor@QualityStocks.net

Company Contact:

P2 Solar, Inc.
invest@p2solar.com
http://www.p2solar.com/

 

 

 

SOURCE: P2 Solar, Inc.

ReleaseID: 415045

  • Top StoriesTop StoriesMore>>

  • Self Regional Laptop With Patient Info Stolen

    Self Regional Laptop With Patient Info Stolen

    Friday, July 25 2014 5:10 PM EDT2014-07-25 21:10:32 GMT
    Photo courtesy Self Regional HealthcarePhoto courtesy Self Regional Healthcare
    Self Regional Healthcare in Greenwood reports a hospital laptop was stolen two months ago and is now warning patients their personal information may be at risk.
    Self Regional Healthcare in Greenwood reports a hospital laptop was stolen two months ago and is now warning patients their personal information may be at risk.
  • Greenville Rally Against Hatred Scheduled In Response To KKK

    Greenville Rally Against Hatred Scheduled In Response To KKK

    Friday, July 25 2014 11:16 AM EDT2014-07-25 15:16:29 GMT
    Greenville will host its first ever Unity Rally Against Hatred on July 26th.Greenville will host its first ever Unity Rally Against Hatred on July 26th.
    The first Unity Rally Against Hatred will be held at the Hughes Main Library in Greenville on July 26th to address the motives of the KKK.
    The first Unity Rally Against Hatred will be held at the Hughes Main Library in Greenville on July 26th to address the motives of the KKK.
  • Train Derailment Causes Ethanol Cars To Flip Over In Spartanburg

    Train Derailment Causes Ethanol Cars To Flip Over In Spartanburg

    Friday, July 25 2014 7:11 AM EDT2014-07-25 11:11:28 GMT
    Police, Fire, and Hazmat Officials in Spartanburg are at the scene of a train derailment involving cars carrying ethanol that happened near Daniel Morgan Avenue early on July 25th.
    Police, Fire, and Hazmat Officials in Spartanburg are at the scene of a train derailment involving cars carrying ethanol that happened near Daniel Morgan Avenue early on July 25th.
Powered by WorldNow

250 International Dr.
Spartanburg, S.C. 29303

Telephone: 864.576.7777
Fax: 864.587.5430
Email: webmaster@wspa.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.