Market Overview

Elected Officials Join Panda Power Funds to Break Ground for 758-Megawatt Natural Gas-Fueled Power Plant in Sherman, Texas

Share:
--(BUSINESS WIRE)--

Panda Power Funds:

WHAT:

    Groundbreaking ceremony in Sherman, Texas
Launch of one of the cleanest, fastest starting power plants in the United States
Plant will provide critically needed electricity when ERCOT has projected a shortage of reserve power
Facility will have the capacity to power 750,000 homes
Will contribute up to $1.7 billion to the North Texas economy
Begins commercial operation by the end of 2014
 

WHO:

Speakers will include:

• Rolando Pablos, commissioner, Public Utility Commission of Texas

• Bill Magers, mayor, City of Sherman, Texas

• Mario Azar, head of gas turbine power plant solutions americas, Siemens Energy

• Larry Phillips, state representative for Texas' Sixty-Second District

• Scott Connell, president, Sherman Economic Development Corporation

• Todd W. Carter, president and senior partner, Panda Power Funds

Speakers will be available for interviews immediately following the ceremony

Officials from Bechtel and Siemens will also be available for interviews

 

WHEN:

Thursday, November 8, 2012

10:30 a.m. CT

 

WHERE:

510 Progress Drive
Sherman, TX 75092
 

RSVP:

GroundbreakingShermanTX@pandafunds.com

 

ADDITIONAL INFORMATION:

  • 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, corporate logos and rendering of the 758-MW power plant

About Panda Power Funds:

Founded in 2010, Panda Power Funds is a private equity firm located in Dallas, Texas, which has the ability to internally source and develop, acquire, invest in, and operate large-scale, natural gas-fueled power generation facilities. The firm has a 758-megawatt combined-cycle power plant under construction in Temple, Texas. The company recently built a utility-scale, 20-megawatt solar farm in Pilesgrove, New Jersey — one of the largest solar farms in the northeast United States. Additional information on Panda Power Funds can be found at www.pandafunds.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50462585&lang=en

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

View Comments and Join the Discussion!