Panda Power Funds

Rayburn Electric Cooperative, headquartered in Rockwall, Texas, announced on April 19 that it has entered into a definitive agreement to acquire ownership of the Panda Sherman Power Plant. The Sherman facility is a 758-MW natural gas–fueled combined cycle unit located in Grayson County, about an hour north of Dallas. The plant will be renamed Rayburn […]

The 400-MW coal-fired Sunbury Power Plant in Snyder County, Penn., retired in 2014, will be replaced with a three-unit, 1.1-GW combined cycle plant, private equity firm Panda Power Funds announced on Oct. 28. The four-unit Sunbury facility, which began operations in 1949, was shuttered last year after 65 years of operation. Originally built for Pennsylvania […]

In the early 2010s, the Electric Reliability Council of Texas (ERCOT) was staring down the barrel of dangerously low reserve margins, a combination of growing demand and an energy-only wholesale market that

Panda Power Funds awarded the engineering, procurement, and construction contract for a 778-MW combined cycle power plant to a turnkey consortium of Bechtel and Siemens Energy Inc. The Panda Stonewall generating station will be located in Loudoun County, Va., on a 101-acre site about four miles southeast of Leesburg. It is the sixth order awarded […]