P2 Solar, Inc. (PTOS) Delivers on Demand for Clean, Renewabl P2 Solar, Inc. (PTOS) Delivers on Demand for Clean, Renewable Energy through HydroPower
As the benefits of producing electricity from mini-hydropower rise and overall interest in the sector surging, governments worldwide are devoting time, attention and resources to it. Positioned front and center, P2 Solar is a company developing mini-hydropower projects for public and private sectors seeking to include it into their electricity consumption profiles.
The appeal of mini-hydropower is due to its ability to quickly respond to changing demand for electricity, flood control and water management. Small and mini-hydropower generation plants require two to five years to develop as compared to large hydropower plants, which usually have a development period twice as long. What’s more, small and mini-hydro has higher return on investment due to lower capital investment, operational, maintenance and construction costs. Also worth noting is that construction of a small hydropower plant is not as disruptive to the local environment as large hydropower plants are.
In an announcement last month, P2 Solar revealed that its subsidiary in India signed a power purchase agreement with the Punjab energy distribution company for its Rajgarh Mini-Hydro Project. This event is considered significant for the company as its work leading to this point has involved years of effort. The power purchase agreement involves payment terms of 35 years at a tariff of approximately $0.10 USD. The company feels these terms provide for a high rate of return and create cash flow free of cost. With this agreement P2 can close bids for construction and advance to build the project.
P2 Solar’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 steering its efforts in a direction that will enable it to benefit from this trend.
For more information, visit www.p2solar.com
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