Media Alert: Panda Power Funds to Commission Nation's First Marcellus Shale-Gas Power Plant

DALLAS & SCRANTON, Pa.--(BUSINESS WIRE)--

The 829 MW Liberty Energy Center is the first power plant specifically developed to take advantage of its proximity to the Marcellus Shale gas formation

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The 829 MW Panda Liberty Generating Station located in Bradford County, PA (Photo: Business Wire)

(Alert is for planning purposes only. We request the alert not be published in print.)

WHAT:		Commissioning ceremony in Towanda, PA. The generating station:
		Powers up to 1,000,000 homes
		Expected to contribute $5.97 billion to Northern Tier economy
		Supports long-term market for Pennsylvania Marcellus Shale gas producers and royalty owners
		Utilizes the latest, most advanced emissions-control technology, making it one of the cleanest natural gas-fueled power plants in the United States
		Is cooled with air rather than water — not drawing water from, or discharging water into, the Susquehanna River — eliminating potential impacts to sensitive species in the watershed
		Uses Siemens H-class gas turbines — the world's first generation technology to achieve operating efficiencies of 60 percent.

WHO:		Speakers will include:
		Gene Yaw, Senator for Pennsylvania's Twenty-Third District
		Tina Pickett, State Representative for Pennsylvania's One Hundred and Tenth District
		Doug McLinko, Commissioner for Bradford County, Pennsylvania
		Barry Nicholls, President, Power & Gas, Siemens Energy Inc.
		William (Bill) F. Griffin, Jr., Chief Executive Officer, Gemma Power Systems
		Todd W. Carter, Senior Partner, President and CEO, Panda Power Funds

		Speakers will be available for interviews immediately following the ceremony

WHEN:		Thursday, October 27, 2016
		10:30 a.m. ET


WHERE:		151 Liberty Lane
		Towanda, PA 18848
		(Near the corner of Pennsylvania 187 and Sill Rd, Towanda, Pennsylvania 18848)

RSVP:		libertycommissioning@pandafunds.com
		(RSVP as a member of the media)

ADDITIONAL INFORMATION:

All event activities will be sheltered from the weather
Luncheon will immediately follow the commissioning ceremony
Reporters and crew are invited to attend luncheon or have their lunch boxed to go
Broadcast media will have access to a mult box to patch into the audio system
Journalists will receive press kits on both paper and on a USB drive containing high-definition photos, UHD aerial b-roll, corporate logos and rendering of the 829 MW power plant

ABOUT PANDA POWER FUNDS, LP

Founded in 2010, Panda Power Funds is a private equity firm headquartered in Dallas, Texas, that develops, owns, operates and manages investments in clean energy. Panda has five combined-cycle power plants in operation in Texas and Pennsylvania, and two combined-cycle power plants currently under construction in Pennsylvania and Virginia with a combined capacity of more than 5,800 megawatts. Panda Power Funds also has a 990 megawatt power project in Maryland in advanced development. The fund built a 20 megawatt solar farm in southwest New Jersey that is one of the largest solar facilities in the Northeast United States. Additional information on Panda Power Funds can be found at www.pandafunds.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161019006329/en/

Panda Power Funds
Bill Pentak, 972-361-2000
breakingnews@pandafunds.com

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