Press Releases

  • 4/4/13 7:37 am CDT
    • Expansion will double the size of the Panda Temple plant to 1,516 megawatts
    • Plant expected to contribute an additional $1.6 billion to area economy; create 700-800 jobs
    • Goldman Sachs and Credit Suisse arranged debt financing; Ares Capital was the documentation agent
    • Bechtel and Siemens Energy consortium to build plant
    DALLAS--(BUSINESS WIRE)--Panda Power Funds has completed financing on a 758 megawatt expansion of its natural gas-fueled, combined-cycle power plant currently under construction in Temple, Texas. When completed, the Temple I and II generating stations will have a combined capacity of 1,516 megawatts, or enough power to supply the needs of approximately 1.5 million homes in the Central and North Texas areas. The Temple II transaction represents the thirdmore...
  • 11/8/12 9:10 am CST
    • Goldman Sachs and Credit Suisse arranged debt financing
    • Plant to come online in late 2014 when ERCOT has projected a need for reserve power
    • One of the nation’s first “quick start” plants will help support intermittent renewable generation
    • Will contribute up to $1.7 billion in economic development and create 700-800 construction jobs
    • Bechtel and Siemens turn-key construction consortium to build plant
    DALLAS--(BUSINESS WIRE)--Panda Power Funds was joined today by officials from across the Lone Star State to break ground on the company’s 758-megawatt natural gas-fueled, combined-cycle power plant in Sherman, Texas. When complete, the facility will provide much needed electricity for approximately 750,000 homes in the North Texas region. “For the second time in four months, our team has stepped up to the plate and swung for the bleachers,”more...
  • 9/18/12 8:10 am CDT
    • 758-megawatt facility will add needed capacity for Texas; power up to 750,000 homes
    • Plant expected to contribute up to $1.7 billion to area economy; create 700-800 jobs
    • Goldman Sachs and Credit Suisse arranged debt financing
    • Bechtel and Siemens Energy Sector consortium to build plant
    DALLAS--(BUSINESS WIRE)--Panda Power Funds today announced that its affiliate Panda Sherman Power, LLC has successfully completed the financing on its planned 758-megawatt natural gas-fueled, combined-cycle power plant in Sherman, Texas. The company will immediately start construction on the 204-acre site and expects commercial operations to begin by the end of 2014. Goldman Sachs and Credit Suisse arranged the senior debt financing for themore...
  • 9/6/12 9:10 am CDT
    • Financing seen as a breakthrough for U.S. bank market
    • Plant to come online in late 2014 when ERCOT has projected a need for reserve power
    • One of the nation’s first “quick start” plants will help support intermittent renewable generation
    • Will contribute up to $1.6 billion in economic development and create 700-800 construction jobs
    • Bechtel and Siemens turn-key construction consortium to build plant
    DALLAS--(BUSINESS WIRE)--Panda Power Funds was joined today by officials from across the state to break ground on the company’s 758-megawatt natural gas-fueled, combined-cycle power plant in Temple, Texas. When complete, the facility will provide much needed electricity for approximately 750,000 homes in the Central Texas area. “The Panda Temple Generating Station is one of the largest industrial projects announced in Texas this year,” saidmore...
  • 7/18/12 8:07 am CDT
    • 758-megawatt facility will add needed capacity for Texas
    • Plant expected to contribute up to $1.6 billion to area economy; create 700-800 jobs
    DALLAS--(BUSINESS WIRE)--Panda Power Funds today announced that its affiliate Panda Temple Power, LLC has successfully completed the financing on its planned 758-megawatt natural gas-fueled, combined-cycle power plant in Temple, Texas. The company will immediately start construction on the 250-acre site and expects commercial operations to begin by the end of 2014. The state-of-the-art plant will utilize the latest, most advanced combustionmore...

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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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