Project Description
Directed negotiations for resolution of minerals issuance with Lenders’ counsel and title company for construction loan closing
- 9,100 acres, Tioga and Bradford Counties, natural gas-fired combined cycle power generation facilities combined with steam turbines
- 10 landowners – Greenfield – PJM off-taker
- $615 Million Non-Recourse Debt Financing and $800 Million equity – Goldman Sachs, Credit Suisse and Ares Capital senior debt arrangers with Union Bank
- Panda Power Funds (Press Release August 22, 2013)
- Dominant Challenge – Minerals coverage with active coal development within proximity of project