P2 Solar, Inc. (PTOS) In-Sync with World Appeal to Reduce Re P2 Solar, Inc. (PTOS) In-Sync with World Appeal to Reduce Reliance on Grid-Produced Electricity
For P2 Solar, seeing over five dozen countries relying on hydropower for over half of their energy needs, the opportunity to realize gains in market share is apparent. What is also apparent is that fossil fuels still outpace alternative sources for satisfying the need for electricity. With the production of electricity from mini-hydropower projects on the rise and overall interest in the sector trending upward, government officials all over the world are diverting their attention and resources to it. Strategically in-sync with this emerging market, P2 Solar is a company developing mini-hydropower projects for public and private sectors who are embracing its advantages.
Mini-hydropower is appealing due to its ability to rapidly respond to changing demand for flood control, electricity and water management. These mini-hydropower generation plants need approximately two to five years to develop as compared to large hydropower plants, which have a development period twice as long. Beyond their shorter development cycle, small and mini-hydro projects net higher returns on investment because of their lower up-front capital investment, maintenance, operational and construction costs. Further enhancing the appeal of mini-hydro, the local environmental disruption resulting from a project is minimal relative to that of a tradition large hydropower plant.
In a recent announcement, P2 Solar acknowledged that its subsidiary in India signed a power purchase agreement with the Punjab energy distribution company for its Rajgarh Mini-Hydro Project. The announcement is significant for the company as it brings its intended goal to fruition after several years of work. The agreement involves payment terms of 35 years at a tariff of approximately $0.10 USD. The company feels the terms offer a high rate of return and create cash flow at no cost. With this agreement PTOS can close bids for construction and proceed to build the project.
PTOS’s work is within the renewable energy market developing solar photovoltaic (PV) power and mini-hydro projects. Understanding that the demand for clean, renewable energy is rising due to commercial efforts to reduce reliance on grid-produced electricity, P2 Solar is diligently focusing its efforts in this direction so that it can realize the benefit from this trend.
For more information, visit www.p2solar.com
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