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Panda Planning OK Power Plant

April 30, 1999
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Panda Planning OK Power Plant

Dallas-based Panda Energy International announced plans to build a 1,000 MW generation plant in Coweta, OK, near Tulsa. The plant's maximum daily quantity for gas consumption will be about 170,000 MMBtu/d. Gas supply and transportation agreements are expected to be finalized in the next several months.

The 77-acre site is near an existing Public Service Company of Oklahoma substation that will be used to carry the new plant's energy to markets throughout the eastern U.S. grid.

The project is the latest is a series of new initiatives announced by Panda, which will bring about 10,000 MW of generating capacity on line within the next few years, said Darol Lindloff, president of Panda Energy. Construction is scheduled to begin in June 2000, and commercial operations are expected to start in December 2001.

Steve McAdams, Panda's director of business development, said the plant will feature the most advanced gas-fired combustion turbine generation technology. "The new generation power plants being designed and built by Panda are approximately 40% more efficient than the typical plants currently serving Oklahoma. In addition, emissions will be less than 10% of the average for existing power plants providing service to the area."

Last week, it was announced in Odessa, TX that a similar plant is being developed by Texas Independent Energy, a joint venture of Panda and PSEG Global. Projects near San Antonio and Wichita Falls, TX, also are part of the joint venture. Panda has similar plants in operation in North Carolina and Maryland and recently announced a 2,000 MW plant in El Dorado, AR.

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