Press Releases

  • 5/15/14 9:30 am CDT
    • First new power plant located on the Marcellus Shale gas formation
    • Plant expected to contribute up to $5.97 billion to area economy; create 500 jobs
    • Natural gas-fueled generating station will power up to 1 million homes
    • Gemma Power Systems to build plant with Siemens Energy technology
    DALLAS--(BUSINESS WIRE)--Panda Power Funds was joined today by Pennsylvania Governor Tom Corbett and officials from across the Keystone State to break ground on the company’s 829-megawatt combined-cycle “Liberty” generating station located in Bradford County, Pa. The Liberty project is the first power plant deliberately sited in the heart of the Marcellus Shale to take advantage of low natural gas prices and transportation costs. Panda expects commercial operations tomore...
  • 12/20/13 8:10 am CST
    • Plant expected to make a significant contribution to area economy; create 500 jobs
    • Second new plant located on the Marcellus Shale gas formation
    • Goldman Sachs, Credit Suisse, Ares Capital, Union Bank and Investec arranged debt financing
    • Natural gas-fueled generating station will power up to 1 million homes
    • Gemma-Lane Patriot Partners to build plant with Siemens Energy technology
    DALLAS--(BUSINESS WIRE)--Panda Power Funds today announced that it has completed the acquisition and successful financing of Moxie Energy’s planned 829-MW natural gas-fueled, combined-cycle “Patriot” generating station, located in Lycoming County, Pennsylvania. When completed, the Patriot project will be the second new power plant in the Keystone State — after Panda’s “Liberty” power plant — specifically developed to take advantage of its proximity to the Marcellusmore...
  • 9/24/13 8:53 am CDT
    • Plant will add needed capacity to Virginia and Washington D.C.; power up to 750,000 homes
    • One of the cleanest natural gas-fueled power plants in the nation will easily meet new carbon emissions standards proposed by the U.S. EPA
    • Expected to make a significant contribution to area economy; create 600 construction jobs
    • Bechtel to be the engineering, procurement and construction contractor
    DALLAS--(BUSINESS WIRE)--Panda Power Funds today announced that it has acquired a majority interest in a planned 750-MW combined-cycle power plant located in an industrial-zoned area of Loudoun County, Virginia. When commissioned, the natural gas-fueled “Stonewall” generating station will be able to supply the power needs of approximately 750,000 homes in the Northern Virginia/Washington D.C. metropolitan area. Panda expects the facility to enter commercial operationsmore...
  • 8/22/13 8:18 am CDT
    • Plant expected to contribute up to $1.2 billion to area economy; create 500 jobs
    • First new plant located on the Marcellus Shale gas formation
    • Goldman Sachs, Credit Suisse and Ares Capital arranged debt financing
    • Natural gas-fueled generating station will power up to 1 million homes
    • Gemma-Lane Liberty Partners to build plant with Siemens Energy technology
    DALLAS--(BUSINESS WIRE)--Panda Power Funds today announced that it has completed the acquisition and successful financing of Moxie Energy’s planned 829-MW natural gas-fueled, combined-cycle “Liberty” generating station, located in Bradford County, Pennsylvania. When completed, the Liberty project will be the first new power plant in the Commonwealth specifically developed to take advantage of its proximity to the Marcellus Shale gas formation. Panda will immediatelymore...
  • 8/19/13 9:48 am CDT
    • Plant will add needed capacity to Maryland; power up to 859,000 homes
    • Will be one of the cleanest, most efficient power plants in the nation and feature a low-profile design to minimize sightlines
    • Plant expected to contribute up to $1.2 billion to area economy; create 700-800 construction jobs
    DALLAS--(BUSINESS WIRE)--Panda Power Funds today announced that it intends to build, own and operate an 859-megawatt combined-cycle power plant in an industrial-zoned area of Brandywine, Maryland. Once complete, the natural gas-fueled generating station will be able to supply the power needs of approximately 859,000 homes in the Greater Maryland / Washington D.C. metropolitan area. The facility is expected to contribute approximately $1.2 billion to the area’s economymore...

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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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