Press Releases

  • 11/16/16 9:45 am CST
    • Second new generating station sited on Marcellus Shale gas formation will power up to 1 million homes
    • Plant supports long-term market for Pennsylvania natural gas royalty owners
    • Plant expected to contribute up to $5.85 billion to area economy
    • Second plant in the United States, after Panda’s “Liberty” Pennsylvania facility, to use Siemens H-Class gas turbines in a single shaft configuration
    DALLAS--(BUSINESS WIRE)--Officials from across Pennsylvania joined Panda Power Funds today to commission the company’s 829-megawatt combined-cycle “Patriot” generating station located in Lycoming County. The Patriot project is only the second power plant in the nation, after Panda’s “Liberty” Pennsylvania power project, specifically sited to access large natural gas reserves discovered in the Marcellus Shale. The plant’s proximity to low-cost Marcellus natural gas ismore...
  • 10/27/16 10:30 am CDT
    • First new generating station sited on Marcellus Shale gas formation will power up to 1 million homes
    • Plant supports long-term market for Pennsylvania natural gas royalty owners
    • Plant expected to contribute up to $5.97 billion to Northern Tier economy
    • First plant in the United States to use Siemens H-Class gas turbines in a single shaft configuration
    DALLAS--(BUSINESS WIRE)--Officials from across Pennsylvania joined Panda Power Funds today in commissioning the nation’s first power plant designed to take advantage of abundant U.S. natural gas reserves discovered in the Marcellus Shale. Access to the region’s low-cost natural gas is expected to provide the 829 megawatt Panda “Liberty” generating station with a significant operating cost advantage. The combined-cycle facility will provide power for up to one millionmore...
  • 10/28/15 7:00 am CDT
    • Retired Sunbury coal-fired power plant to be replaced in one of the largest coal-to-natural gas power conversion projects in the United States
    • Bechtel and Siemens Energy to build 1,124 MW combined-cycle, gas-fueled power plant
    • Goldman Sachs, ICBC and Investec arranged debt financing totaling $710 million; Siemens Financial Services to invest $125 million in equity
    • Plant will be fueled with Marcellus Shale gas; power approximately 1 million homes
    DALLAS--(BUSINESS WIRE)--Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant — one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania. The 400 MW, 65-year-old plant was shuttered in 2014 in response to low natural gas prices and the onset of strict environmental regulationsmore...
  • 8/6/15 9:30 am CDT

    Virginia Attorney General Mark Herring, U.S. Representative Barbara Comstock and Loudoun County Board of Supervisors Chairman Scott K. York to break ground

    • Plant will power up to 778,000 homes in Northern Virginia and the District of Columbia
    • Plant expected to contribute up to $7.1 billion to area economy; create 800 construction jobs
    • One of the cleanest natural gas-fueled power plants in the nation
    • Turn-key consortium of Bechtel and Siemens Energy Inc. to build the plant
    LEESBURG, Va. & WASHINGTON--(BUSINESS WIRE)--Elected officials from the Commonwealth of Virginia joined Panda Power Funds Thursday to break ground on the company’s 778-megawatt “Stonewall” generating station located in Loudoun County, Va. The combined-cycle power plant will be one of the newest, cleanest and most efficient natural gas-fueled power facilities in the United States. The plant is expected to enter commercial service on June 1, 2017 and will be able to supply the power needs ofmore...
  • 2/17/15 4:05 pm CST
    • Retired Sunbury coal-fired power plant to be replaced in one of the largest coal to natural gas conversion projects in the United States
    • Power facility to help support long-term market for Pennsylvania Marcellus Shale gas producers and royalty owners
    • Plant expected to make a significant contribution to area economy; create 800 total construction jobs
    • Environmentally friendly plant will power more than 1 million homes
    DALLAS & HARRISBURG, Pa.--(BUSINESS WIRE)--Panda Power Funds has entered into a joint venture with Sunbury Generation LP to develop, finance, construct and operate a 1,000 megawatt natural gas-fueled, combined-cycle power project near Shamokin Dam in Snyder County, Pennsylvania. The Panda “Hummel Station” power facility will occupy an 18-acre parcel of the 192-acre Keystone Opportunity Expansion Zone at the site of the recently retired Sunbury coal-fired power plant. To date, Hummelmore...

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Relations and Public Affairs

Panda Power Funds

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(972) 361-2000

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