Gov. Tom Corbett to Join Panda Power Funds for Groundbreaking of 829 MW Marcellus Shale-Gas Power Plant

The Liberty Energy Center is the first power plant in Pennsylvania specifically developed to take advantage of its proximity to the Marcellus Shale gas formation

TOWANDA, Pa.--()--(Alert is for planning purposes only — not for republication to the general public)

   

WHAT:

Groundbreaking ceremony in Towanda, PA. The generating station will:

• Power up to 1,000,000 homes

• Make a significant contribution to the Northern Tier economy

• Create approximately 500 construction jobs; 27 high-paying direct jobs to operate the plant and 45 indirect jobs to support the plant

• Utilize the latest, most advanced emissions-control technology, making it one of the cleanest natural gas-fueled power plants in the United States

• Be cooled with air rather than water — not drawing water from, or discharging water into, the Susquehanna River — eliminating potential impacts to sensitive species in the watershed

• Use Siemens H-class gas turbines — the world’s first generation technology to achieve operating efficiencies of 60 percent

• Begin commercial operation in the first quarter of 2016

 
 

WHO:

Speakers will include:

• Tom Corbett, Governor of the Commonwealth of Pennsylvania

• Gene Yaw, Senator for Pennsylvania’s Twenty-Third District

• Tina Pickett, State Representative for Pennsylvania’s One Hundred and Tenth District

• Doug McLinko, Commissioner for Bradford County, Pennsylvania

• Barry Nicholls, Senior Vice President, Power Systems Sales, Siemens Energy Inc.

• William (Bill) F. Griffin, Jr., chief executive officer, Gemma Power Systems

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

 

Speakers will be available for interviews immediately following the ceremony

 
 

WHEN:

Thursday, May 15, 2014
10:30 a.m. ET
 
 

WHERE:

151 Liberty Lane
Towanda, PA 18848

(Near the corner of Pennsylvania 187 and Sill Rd, Towanda, Pennsylvania 18848)

 
 

RSVP:

groundbreakinglibertypa@pandafunds.com

(RSVP as a member of the media)
 

ADDITIONAL INFORMATION:

  • All event activities will be sheltered from the weather
  • Luncheon will immediately follow the groundbreaking ceremony
  • 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 829 MW power plant

ABOUT PANDA POWER FUNDS:

Founded in 2010, Panda Power Funds is a private equity firm headquartered in Dallas, Texas, which has the ability to develop, acquire, construct, finance and operate large-scale, natural gas-fueled power generation facilities. Panda has five combined-cycle power plants currently under construction in Texas and Pennsylvania with a total capacity of nearly 4,000 megawatts and has announced a 750-MW combined-cycle power plant in Northern Virginia and an 859-MW 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.

Contacts

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

Panda Power Funds 829 MW "Liberty" Generating Station located in Asylum Township, PA (Photo: Business Wire)

???news_view.multimedia.download???

???pagination.previous??? ???pagination.next???

Release Summary

Gov. Tom Corbett to Join Panda Power Funds for Groundbreaking of 829 MW Marcellus Shale-Gas Power Plant

Sharing

Contacts

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