P2 Solar Signs Implementation Agreement for Rajgarh Hydro Project - KMPH FOX 26 | Central San Joaquin Valley News Source

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

  • Local NewsLocal NewsMore>>

  • Problems With College Financial Aid Applications

    Problems With College Financial Aid Applications

    Students awarded a Pell Grant or other federal financial aid may want to double check those applications. Tens of thousands of students could have that money taken away because of a mistake in filling out the form. The mistake was a part of the online form for the free application for federal student aid, or FAFSA. When filling in the income portion of the form, many applicants unnecessarily entered a decimal point that the system ignored. The error then disqualified students who were eligibl...More >>
    Students awarded a Pell Grant or other federal financial aid may want to double check those applications. Tens of thousands of students could have that money taken away because of a mistake in filling out the form. The mistake was a part of the online form for the free application for federal student aid, or FAFSA. When filling in the income portion of the form, many applicants unnecessarily entered a decimal point that the system ignored. The error then disqualified students who were eligibl...More >>
  • $500 Reward For Help In Fresno Firearms Crackdown

    $500 Reward For Help In Fresno Firearms Crackdown

    Fresno Police are also in the middle of a push to get stolen firearms off the streets.If you help them out, it could get you $500.After a 10-day operation, police arrested Angel Cordova for being a felon in possession of a firearm.He told police he was protecting himself after his brother was shot a couple of days ago.More >>
    Fresno Police are also in the middle of a push to get stolen firearms off the streets.If you help them out, it could get you $500.After a 10-day operation, police arrested Angel Cordova for being a felon in possession of a firearm.He told police he was protecting himself after his brother was shot a couple of days ago.More >>
  • Sam's Shoe Store In Reedley Celebrates 100 Years In Business

    Sam's Shoe Store In Reedley Celebrates 100 Years In Business

    Sam's Shoe Store has been a fixture in Downtown Reedley since 1914. The patriarch Sam Parichan was a shoe cobbler in Armenia who came to America when Reedley had muddy streets in the winter. Ralph Parichan,More >>
    Sam's Shoe Store has been a fixture in Downtown Reedley since 1914. The patriarch Sam Parichan was a shoe cobbler in Armenia who came to America when Reedley had muddy streets in the winter. Ralph Parichan,
    More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KMPH. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.