Panda Power Funds

Panda Power Funds financed the 1,124-MW Panda Hummel Station power plant, one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania. The 400-MW, 65 year old plant was shuttered in 2014. The Panda Hummel generating station will be fueled with Marcellus Shale gas.

Bechtel broke ground on a natural gas-fired, combined-cycle power plant in Loudoun County, Virginia. Bechtel is providing project management, engineering, procurement, construction, and startup services, while its consortium partner, Siemens, is responsible for core power elements, including the natural gas and steam turbines, generators, and waste-heat-recovery boilers.

Panda Power Funds entered into a joint venture with Sunbury Generation LP to develop, finance, construct and operate a 1,000-MW natural gas-fueled, combined-cycle power project near Shamokin Dam in Snyder County, Pennsylvania. The 30 acre Panda Hummel Station” power facility will occupy part of the 192 acre Keystone Opportunity Expansion Zone at the site of the recently retired Sunbury coal-fired power plant. The plant is expected to enter commercial operation in the second half of 2017.

Siemens, in consortium with Bechtel, was awarded the order for the turnkey supply for Panda Power Funds' Sto­­newall Energy Project in Leesburg, Virginia. The natural-gas-fired Leesburg CCPP will have a gross installed electrical capacity of 778 MW. Commissioning of the plant is scheduled for spring 2017.

Bechtel completed the Panda Temple I Generating Station in Temple, Texas ahead of schedule. The 758-MW natural gas-fueled, combined-cycle power facility is owned by Panda Power Funds. As part of a consortium with Siemens, Bechtel provided project management, engineering, procurement, construction, and startup services, while Siemens provided the power-island package, including the natural gas and steam turbines, generators, and waste-heat-recovery boilers.

Siemens Energy received an order from Panda Power Funds to supply two power plant units fitted with H-class gas turbines for the Patriot combined-cycle power plant (CCPP) in Clinton Township, Pennsylvania.

Panda Power Funds intends to build, own and operate an 859-MW combined-cycle power plant in Brandywine, Maryland. The Mattawoman plant will also be a “zero-liquid-discharge” plant, returning no waste water to a treatment facility and subsequently prevents the discharge into the Chesapeake Bay. Construction of the Mattawoman project will take approximately 30 months and is dependent upon financing, regulatory approvals and other conditions.

Siemens received an order from the U.S. for the delivery of two power plant blocks for the Liberty combined cycle power plant in Pennsylvania. Siemens will deliver two H-class gas turbines, two steam turbines, two generators, two heat recovery steam generators as well as the electrical equipment and the control system. The EPC contractor is Gemma Power Systems. The customer is an affiliate of Panda Power Funds. The order includes a long-term service agreement and has a total value for Siemens of approximately $400 million.