Panda Power Funds to Build 859 MW Power Plant in Maryland

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.