Pan Global Corp. (PGLO) to Acquire 5.7MW Small-Hydro Plant in India
Pan Global Corp. (PGLO), a company that pursues global investment opportunities in green energy technology and energy assets, said in a news release today via its wholly owned subsidiary, Pan Asia Infratech Corp., that it has entered into a definitive stock purchase agreement to acquire 100 percent of the outstanding shares and convertible debt (if not previously converted) of Regency Yamuna Energy Limited (RYEL). RYEL is a privately held Indian corporation which is commissioning a 5.7 MW small-hydro project in northern India. This project is expected to be 95 percent complete, with commercial operations expected to begin in Q4 2013.…