Tibba Mini-hydro Project

P2 Solar acquired the Project Tibba mini-hydro site during the second quarter of 2013 as a construction ready project. The project is located on the Sidhwan irrigation canal near the city of Ludhiana in Punjab, India.

This project will apply technology similar to Project Rajgarh. When fully operational the project is expected to generate more than $300,000 in annual revenue and achieve 95% EBITDA margin. The project exceeds P2 Solar′s minimum return requirement, with a projected unleveraged IRR of 17%.