$350M Panda Sherman Power nears completion$350M Panda Sherman Power nears completionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=45212014-04-01T11:22:00Z2014-04-01T00:00:00Z

SHERMAN - The $350 million Panda Sherman Power complex is approximately 90 percent complete, and is scheduled to go online in summer 2014. When complete, the facility will provide electricity to 758,000 homes across north Texas.

The plant is nearing the end of construction and is now in a "start-up" phase, "which means we're bringing in power off of the electrical grid to power the motor, to power the control room," said Bill Pentak, VP of investor relations and public affairs for Panda Power.

Panda Sherman Power will generate power using steam and two gas-powered turbines, similar to jet engines. The plant will get its water supply through a pipeline that begins in Lake Texoma and ends in Wylie. Panda will pay the City of Sherman for millions of gallons of water used in the process.

"What the Panda Plant will be doing is just using a portion of Sherman's water allocation so it's not additional water coming out of the lake," said Sherman Mayor Cary Wacker.

While hundreds of construction workers are still busy building the facility, 27 full-time Panda employees will remain when it's finished, according to plant manager Mark Kadon.

Panda received $2.7 million in incentives to bring the project to Sherman, according to the Sherman Economic Development Corporation.

Infrastructure & Transportation
http://www.kten.com/story/25042685/construction-at-panda-sherman-power-nears-completionRead more at {Source}

 Search NewsTalk Texas