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P2 Solar Signs a 35 year Power Purchase Agreement with Punjab distribution company

P2 Solar, Inc. announced that its wholly owned subsidiary in India has signed the Power Purchase Agreement (“PPA”) for our project Rajgarh with the Punjab energy distribution company.

Raj-Mohinder Gurm, CEO, said, “This is a pivotal event for P2 Solar, as this power purchase agreement marks the culmination of significant efforts we have made over the past years to secure a project in India and proceed with commissioning.”

The PPA provides a 35 year payment term at an approximate tariff of US$0.10, which the Company believes will enable a high rate of return and generate free cash flow for the firm. The signing of the PPA means P2 can now close bids for construction and proceed to build the project.

 

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