Panda Power Grabs Gas-Fired Plant Near Marcellus Formation

Law360, New York (August 22, 2013, 1:18 PM EDT) -- Energy-focused investment outfit Panda Power Funds picked up an 829-megawatt gas-fired power plant project in Pennsylvania and lined up financing for its development, the firm said Thursday, markings its fourth financing of a large-scale project over the past 13 months.

Dallas-based Panda said it will immediately kick off construction on the 33-acre site in Bradford County, targeted for its close proximity to the Marcellus Shale play, one of the most sought after gas-rich formations in the U.S. The firm also highlighted the project's location within the...
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