P2 Solar Inc. PTOS Archives

WednesdayJun 25, 2014 10:57 am

P2 Solar, Inc. (PTOS) Inks 35-Year Power Purchase Agreement for Rajgarh Hydro Project in India

P2 Solar, a developer of solar PV power and hydro power projects, reports that its wholly owned subsidiary in India has signed a Power Purchase Agreement ("PPA") with a Punjab energy distribution company, enabling P2 Solar to advance its Rajgarh small hydro power project. The PPA provides a 35-year payment term at an approximate tariff of US$0.10, which the P2 Solar believes will enable a high rate of return and generate free cash flow for the firm. Raj-Mohinder Gurm, CEO of P2 Solar, notes that the agreement is the result of years of diligence, and is of historical significance for…

WednesdayJun 18, 2014 5:43 pm

P2 Solar, Inc. (PTOS) Stands to Benefit from Initiatives by India’s Newly Installed Prime Minister

Renewable energy company P2 Solar, a developer of solar photovoltaic (PV) power and mini-hydro projects, is operating under an aggressive, management-ordained mandate to develop 150MWp of electricity-generating capacity in the next few years. P2 Solar’s current project portfolio includes the company’s Rajgarh small-hydro site, located on the Sidhwan irrigation canal in Punjab, India, which is upstream from the company’s Project Tibba mini-hydro site. Together, the company believes that these two projects, when fully operational, will generate annual revenues of more than $700,000. These projects represent P2 Solar’s first significant projects under development in India. In regards to the Rajgarh Hydro…

TuesdayJun 10, 2014 3:46 pm

P2 Solar, Inc. (PTOS): Betting on India’s Power Projects

P2 Solar is focusing on the lucrative global renewable energy market. The company develops solar photovoltaic and mini-hydro power projects. Currently, the company is planning to enhance its project portfolio, which includes three projects -- the Langley Rooftop Project in British Columbia and two others in India, the Rajgarh Mini-hydro and the Tibba Mini-hydro, both located in Punjab. The company through its wholly owned subsidiary, Jagat Energy Pvt. Ltd., acquired the rights to these two hydro-power projects in India. Initiating the projects in India is important as electric demand in India is expected to grow by 10% annually. These projects…

ThursdayJun 05, 2014 10:27 am

Improved Business Environment in India is Expected to Benefit P2 Solar Inc. (PTOS)

P2 Solar, a developer of solar photovoltaic (PV) and hydro power projects, has a focus on developing a number of mini-hydro and solar power projects in India. On May 1, 2014, an Implementation Agreement, giving full government approval of the mini-hydro Rajgarh project, was signed with the Punjab Energy Development Agency (PEDA), Punjab State's governing authority on all renewable projects. The Rajgarh project is to be located on the Sidhwan irrigation canal near the city of Ludhiana in Punjab, India. The May 16 election of Narendra Modi to Prime Minister of India, together with the BJP party gaining a majority…

WednesdayMay 28, 2014 5:17 pm

P2 Solar, Inc. (PTOS) Makes Strides with Punjab Mini-Hydro Project

P2 Solar operates intentionally and strategically. The Surrey, Canada-based developer of solar photovoltaic (PV) and hydropower projects has been operating for close to 25 years and has been consistent about setting up shop where renewable energy policies are exceedingly favorable. While the company’s main priority is solar PV projects, it does not hesitate to aggressively pursue mini-hydro power projects as well; simply put, they present a major, albeit secondary, market opportunity. This year, P2 Solar has made significant strides in moving its renewable energy projects forward in India, especially its mini-hydro power projects. In mid-April, the company completed the financing…

TuesdayMay 20, 2014 3:41 pm

P2 Solar, Inc. (PTOS) Steered by Savvy Leadership Team

Alternative energy developer P2 Solar is focused on the development of solar photovoltaic (PV) power and small-hydro projects. For its solar PV initiatives, it is targeting areas where abundant sunlight is present, renewable energy policies are favorable, public and private sectors are striving for implementation of solar PV measures into their energy consumption, and governments offer attractive incentive programs for solar PV projects. On its portfolio of small-hydro projects, P2 Solar is aggressively working to develop 150MWp of electricity-generating capacity in several phases over the next few years. As it looks for opportunities to expand its portfolio, P2 Solar is…

TuesdayMay 13, 2014 4:50 pm

P2 Solar, Inc. (PTOS) Focuses on Clean Energy

The world’s population is increasing, and many people are beginning to wonder about the availability of resources as we head into the future. Companies in the oil, gas, water, and various energy industries are all exploring ways to ensure our future is secure enough to support our growing population. Part of this is looking for new energy sources that don’t deplete the Earth of its stores. This is where P2 Solar comes in. P2 Solar is a company in the lucrative renewable energy market. It develops solar photovoltaic (PV) power and owns and manages several mini-hyrdo projects. P2 Solar is…

WednesdayMay 07, 2014 3:21 pm

P2 Solar, Inc. (PTOS) is Powering Change with its Renewable Energy Solutions

P2 Solar is powering change. Since its founding in 1990, the company’s mission has been to conceive ground-breaking, environmentally-sustainable renewable energy solutions that can contribute to the reduction of global pollution. P2 Solar directs its resources so as to benefit from a number of global trends: • The rising demand for clean energy worldwide • Renewable energy’s increasingly competitive edge over grid electricity • Commercial efforts to reduce reliance on greenhouse gas emitting fossil fuels From its base in Surrey, Canada, P2 Solar engages in the profitable renewable energy market as a developer of solar photovoltaic (PV) power and mini-hydro…

ThursdayMay 01, 2014 11:38 am

P2 Solar, Inc. (PTOS) Gets Government Green Light to Advance Rajgarh Mini-Hydro Project in India

P2 Solar, developer of an array of solar photovoltaic (PV) and hydro power projects, has signed an Implementation Agreement with Punjab Energy Development Agency (PEDA), Punjab State's governing authority on all renewable energy projects. Per the agreement, P2 Solar has permissions to establish, operate, and maintain the Rajgarh Mini-Hydro 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 35-year agreement period. After 35 years, with mutual consent from PEDA and P2 Solar, the agreement will either be extended or PEDA…

WednesdayApr 23, 2014 12:46 pm

Indian Government Gives Nod of Approval for P2 Solar, Inc. (PTOS) Rajgarh Hydro Project

P2 Solar, developer of solar photovoltaic (PV) and mini hydro power projects, reports that the Detailed Project Report (DPR) for its small hydro Project Rajgarh in Punjab, India, has been approved and accepted by the Punjab Energy Development Agency (PEDA) and the Punjab Irrigation Department (PID). The DPR defines the proposed engineering design, hydrological data, and other critical factors impacting the project. Receiving clearance from PEDA and PID marks a significant achievement in progressing with the small hydro project. "This is another significant step in moving our renewable energy projects forward in India,” P2 Solar CEO Raj-Mohinder Gurm stated in…

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