Press Releases

  • 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...
  • 11/20/14 9:00 am CST
    • One of the cleanest, most advanced natural gas-fueled power plants in the entire U.S. fleet
    • Will provide a net contribution of up to $1.7 billion to North Texas economy
    • One of the fastest starting plants of its kind will help support renewable generation
    • Bechtel and Siemens construction consortium completed the plant ahead of schedule
    DALLAS--(BUSINESS WIRE)--Dallas-based Panda Power Funds was joined today by officials from across the Lone Star State to dedicate the company’s 758 megawatt natural gas-fueled, combined-cycle power plant in Sherman, Texas. The Panda Sherman facility has the capacity to continuously supply the power needs of up to 758,000 homes in one of the fastest growing regions of the United States. According to the latest data from U.S. Census Bureau, the Dallas-Fortmore...
  • 11/17/14 12:16 pm CST
    • Plant will power to up to 778,000 homes in growing Virginia and District of Columbia region
    • One of the cleanest natural gas-fueled power plants in the nation
    • Goldman Sachs, Credit Suisse, ICBC, Investec, MUFG Union Bank and Ares arranged debt financing
    • Significant contribution to area economy expected; will create 600 construction jobs
    • Turn-key consortium of Bechtel and Siemens Energy Inc. to build the plant
    DALLAS & WASHINGTON--(BUSINESS WIRE)--Please replace the caption with the accompanying corrected caption. The release reads: PANDA POWER FUNDS SECURES FINANCING FOR 778 MW VIRGINIA POWER PROJECT Plant will power to up to 778,000 homes in growing Virginia and District of Columbia region One of the cleanest natural gas-fueled power plants in the nation Goldman Sachs, Credit Suisse, ICBC, Investec, MUFG Union Bankmore...
  • 9/25/14 9:00 am CDT
    • Plant is one of the most advanced natural gas-fueled power plants in the entire U.S. fleet
    • One of the nation’s first “quick start” plants will help support intermittent renewable generation
    • Financing was seen as a breakthrough for the U.S. project-finance market
    • Will provide a net contribution of up to $1.6 billion to Central Texas economy
    • Bechtel and Siemens turn-key construction consortium currently building Temple II expansion
    DALLAS--(BUSINESS WIRE)--Panda Power Funds was joined today by officials from across the Lone Star State to dedicate the company’s 758 megawatt natural gas-fueled, combined-cycle power plant in Temple, Texas. The plant has been strategically located to meet electricity demand in the “Texas Triangle,” an area bordered by Dallas, Austin, San Antonio and Houston — which are four of the fastest growing metropolitan areas in the United States. The Panda Temple facility hasmore...
  • 8/12/14 9:30 am CDT
    • Plant expected to contribute up to $5.85 billion to area economy; create 500 jobs
    • Power facility to create new long-term market for local gas producers and royalty owners
    • Natural gas-fueled generating station will power up to 1 million homes
    • Gemma Power Systems to build plant with Siemens Energy technology
    DALLAS & MONTGOMERY, Pa.--(BUSINESS WIRE)--Pennsylvania Governor Tom Corbett and officials from across the Commonwealth joined Panda Power Funds today to break ground on the company’s 829-megawatt combined-cycle “Patriot” generating station located in Lycoming County, Pa. The Patriot project is only the second power plant in Pennsylvania, after Panda’s Liberty power project, specifically sited in the heart of the Marcellus Shale. The plant’s proximity to Marcellus natural gas is expectedmore...

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Bill Pentak, Vice President, Investor

Relations and Public Affairs

Panda Power Funds

5001 Spring Valley Road

Suite 1150 West

Dallas, Texas 75244

(972) 361-2000

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