Panda Power Funds broke ground on an 829-megawatt natural-gas fueled power plant in Lycoming County, Pennsylvania
, that will power up to 1 million homes. The plant, located in the heart of the Marcellus Shale, is expected to create 27 permanent positions and 45 indirect jobs in the local community.
According to Panda Power Funds, the “Patriot” facility will be one of the cleanest natural gas-fueled power plants
in the nation, utilizing state-of-the-art emissions-control technology. The plant is expected to be fully operational in 2016.
“Panda Power Funds is making a strong financial commitment to the people of Pennsylvania because Governor Corbett and many other elected officials — including Senator Yaw and Representative Everett — made a previous commitment to carefully develop Pennsylvania’s vast supply of natural gas
,” said Todd W. Carter, President/Senior Partner of Panda Power Funds. “They saw then, what is happening now — the rebirth of Pennsylvania’s industrial base and a renewed hope for America’s energy independence.”
“This is another project that shows how our ‘all of the above and below’ energy strategy is putting Pennsylvania at the forefront of the American energy revolution
,” said Governor Tom Corbett. “By responsibly harvesting our abundant energy resources, we are creating family-sustaining jobs and are reinvigorating local communities all over Pennsylvania.”