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P2 Solar, Inc. Provides Progress Report on Proposed 25MW Solar Power Station in Punjab, India

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  Published in House and Home on Wednesday, December 2nd 2009 at 6:35 GMT by Market Wire
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SURREY, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2009) - P2 Solar, Inc. (the "Company") (OTCBB:PTOS) Is pleased to report on the progress of the proposed 25MW Solar Power Station in Punjab, India. The 25MW project is part of a larger proposed 200 MW project and will be the first of its kind in Northern India.

P2 Solar is well underway in its process of putting together a Detailed Project Report(DPR) that will be presented to the India government officials by January 29th 2010. Once approved the company will work with government officials to finalize a Power Purchase Agreement and an Implementation Agreement for the 25MW phase.

"It has been and exciting and rewarding journey for us as a company this past year in working towards the goal of becoming a pioneer in the solar industry in India. This is a very exciting time for solar and for the alternative energy sector worldwide, and we are proud to be part of it" stated Mr. Raj Grum, President/CEO of P2 Solar Inc.

A copy of the Presidents "Fall/Winter Shareholder Newsletter" can be found at the following link:

[ http://www.p2solar.com/index.php?option=com_content&view=category&layout=blog&id=18&Itemid=75 ]

About P2 Solar, Inc.

P2 Solar, Inc. is dedicated to building large scale Solar Power Stations in countries with a high demand for clean renewable power. Currently the company is focusing its efforts throughout India as a primary target market, an area starved of power, yet enjoying maximum exposure to sunlight. The company will be involved in R & D for solar technology and will be implementing a Solar Module Assembly facility in India for the production of solar panels for application in its Commercial and Industrial projects. For additional information please visit our website at [ http://www.p2solar.com ]

Forward-Looking Statements

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 the P2 Solar, Inc.'s reports filed with the Securities and Exchange Commission. P2 Solar, Inc. undertakes no duty to update these forward-looking statements.