Elected Officials to Join Panda Power Funds for Commissioning of 758 MW Temple, Texas Power Plant

Elected Officials to Join Panda Power Funds for Commissioning of 758 MW Temple, Texas Power Plant

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--(BUSINESS WIRE)--Sep 16, 2014--(Alert is for planning purposes only — not for republication to the general public)

The 1,516 MW Panda Temple Power Plant is Being Built in Two 758 MW Phases (Photo: Business Wire)

WHAT: Commissioning ceremony in Temple, Texas. The generating station:

Can power up to 758,000 homes Will contribute approximately $1.6 billion to the Central Texas economy during the now-completed construction and the plant’s first ten years of operation The Panda Temple plant is the one of the most modern gas-fueled power stations in the nation, utilizing state-of-the-art generation and emissions-control technology. Is one of the nation’s first “quick-start” combined-cycle power plants with combustion turbines that can achieve full load within 30 minutes with the entire plant achieving full power production within 60 minutes Supports the development of additional renewable generation by closing the generating gap caused when renewable energy suddenly drops offline Provides higher power output during high temperature conditions, making the plant ideal for Texas’ normally hot summers WHO: Speakers include:

Drayton McLane, chairman and CEO of McLane Advanced Technologies, former owner of the Houston Astros, and U.S. business leader Danny Dunn, mayor, City of Temple, Texas Barry Nicholls, senior vice president, power systems sales and lead executive for energy in the United States, Siemens Energy Inc. Troy Fraser, state senator for Texas’ Twenty-fourth District Mary McLaughlin, president, Bechtel Thermal Power Division Lee Peterson, president, Temple Economic Development Corporation Todd W. Carter, president and senior partner, Panda Power Funds Speakers will be available for interviews immediately following the ceremony


The meeting venue will be air conditioned and event activities sheltered from the weather Luncheon will immediately follow the dedication ceremony Reporters and crew are invited to attend the 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 of the 758 MW power plant About Panda Power Funds, LP

Founded in 2010, Panda Power Funds is a private equity firm headquartered in Dallas, Texas, that has the ability to develop, acquire, construct, finance and operate utility-scale, natural gas-fueled power generation facilities. Panda has two 758 megawatt combined-cycle power plants in operation in Temple and Sherman, Texas and three combined-cycle power plants currently under construction in Texas and Pennsylvania with a total capacity of more than 2,400 megawatts. Panda Power Funds also has two power projects in advanced development: a 778 megawatt combined-cycle power plant in Northern Virginia and an 859 megawatt power facility in Southern Maryland. 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.

Photos/Multimedia Gallery Available:http://www.businesswire.com/multimedia/home/20140916006298/en/

CONTACT: Panda Power Funds, LP

Bill Pentak, 972-361-2000




SOURCE: Panda Power Funds, LP

Copyright Business Wire 2014

PUB: 09/16/2014 11:23 AM/DISC: 09/16/2014 11:23 AM


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