ME Newswire / Business Wire
DALLAS - Sunday, December 22nd 2013
Plant expected to make a significant contribution to area economy; create 500 jobs
Second new plant located on the Marcellus Shale gas formation
Goldman Sachs, Credit Suisse, Ares Capital, Union Bank and Investec arranged debt financing
Natural gas-fueled generating station will power up to 1 million homes
Gemma-Lane Patriot Partners to build plant with Siemens Energy technology
Panda Power Funds today announced that it has completed the acquisition and successful financing of Moxie Energy’s planned 829-MW natural gas-fueled, combined-cycle "Patriot” generating station, located in Lycoming County, Pennsylvania. When completed, the Patriot project will be the second new power plant in the Keystone State — after Panda’s "Liberty” power plant — specifically developed to take advantage of its proximit
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