Panda Power’s plant creating 800 construction jobs

LEESBURG, Va. — Panda Power Funds held a groundbreaking ceremony for the natural gas power plant it began constructing in March near Leesburg. The Stonewall project is a 778-megawatt facility in Loudoun County scheduled to begin operation in mid-2017.

Stonewall will be among the cleanest power plants in the U.S. and supply power to one of the country’s fastest-growing counties. The power plant is expected to generate approximately $20 million a year in direct and indirect spending, producing positive economic impacts in the city and county. Panda Power will create about 800 construction jobs and 30 long-term jobs once the plant opens.

Panda Power is a private-equity firm based in Texas. According to its website, the firm is focused on domestic, greenfield power development; brownfield acquisition and expansion; and developing solar and other energy projects in the U.S. and Canada. Panda Power specializes in building large-scale, natural-gas power plants. It operates three in Texas and has two under construction in Pennsylvania.

Image courtesy of Panda Power Funds

Source: Virginia Business

 

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Delores Jackson

Delores Jackson was Director of Corporate Learning for Oklahoma City Community College for eight years, consulting with business leaders to determine the training and develop needs of their employees, designing the programs, and managing a staff of professional trainers. ...