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