Panda Power Funds intends to build, own and operate an 859 MW combined-cycle natural gas power plant in an industrial-zoned area of Brandywine, Maryland. Once complete, the power plant will be able to supply the power needs of about 859,000 homes in the Maryland / Washington D.C. metropolitan area.
The Panda Mattawoman power plant will use advanced emissions-control technology, and is expected to contribute about $1.2 billion to the area’s economy during construction and the plant’s first 10 years of operation. The gas plant will create an estimated 700-800 union construction jobs, 25 direct jobs to run the facility and 32 indirect jobs to support it.
The Mattawoman plant will also be a “zero-liquid-discharge” plant, returning no wastewater to a treatment facility and subsequently preventing the discharge of harmful nutrients into the Chesapeake Bay. In addition, potable water will not be used in the operation of the plant. The generating station will instead use recycled municipal wastewater for cooling purposes in order to help conserve the state’s natural supply of drinking water.
The Panda Mattawoman plant will be located between Air Force road and the CSX rail line off Brandywine Road. Construction of the Mattawoman project will take about 30 months and is dependent upon financing, regulatory approvals and other conditions.
Founded in 2010, Panda Power Funds is a private equity firm headquartered in Dallas, Texas, which has the ability to internally source and develop, acquire, invest in, and operate large-scale, natural gas-fueled power generation facilities. The firm has a combined-cycle power plant being built in two phases in Temple, Texas totaling 1,516 MWs and a 758 MW combined-cycle power plant under construction in Sherman, Texas.