Panda to build 500 MW gas-fired power plant

Panda Energy Inc. said it plans to build, own and operate a 500 MW combined-cycle power plant. The natural gas-fueled Panda Sherman generating station would be in Sherman, Texas. Construction would take approximately 24 months. Panda said it has requested an air permit from the Texas Commission on Environmental Quality. The company said it also has recently filed for an air permit to build a 1,000 MW combined-cycle power plant in Temple, Texas.

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