Panda Power Funds is bringing two new natural gas-fueled, combined-cycle power plants to Texas, one in Temple and the other in Sherman. Both plants will be built by a turn-key consortium of Bechtel and Siemens Energy Inc.
On September 6, the companies broke ground on the Temple project, which will provide 758-MW of power to the local area when complete in 2014. The site is 250 acres in size, with some room for expansion, says Bill Pentak, vice president of Investor Relation sand Public Affairs at Panda Power Funds.