VANCOUVER, BC / ACCESSWIRE / April 23, 2014 / P2 Solar, Inc. (the "Company" or "P2") (OTCQB: PTOS), developer of solar photovoltaic (PV) and hydro power projects, today announces 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).
Clearance of the DPR is a critical step forward. The DPR sets out the proposed engineering design, hydrological data, and other critical factors impacting the project.
Raj-Mohinder Gurm, CEO of P2, said, "This is another significant step in moving our renewable energy projects forward in India. The DPR is important as it is the basis for taking and assessing construction tenders for Project Rajgarh, which we will be assessing very shortly."
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.
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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.
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SOURCE: P2 Solar, Inc.