Panda Power Takes Majority Stake In 750-MW Power Plant

Law360, New York (September 24, 2013, 4:30 PM EDT) -- Energy-focused private equity firm Panda Power Funds has acquired a majority interest in a 750-megawatt power plant project in Virginia co-owned by Bechtel Corp. and Green Energy Partners, Panda Power said Tuesday.

The firm will work with construction giant Bechtel and Green Energy, the project's original developer, on the Stonewall natural gas-fueled generation station in Loudoun County. The Stonewall plant is expected to come online in the spring of 2017 and provide the fast-growing county with a long-term power source.

Loudoun County is in the Washington,...
To view the full article, register now.