Panda Temple I Power Project

The Panda Temple I Power Project is a clean natural gas-fueled, 758-megawatt combined-cycle facility. Once built, the Temple power plant is expected to supply the power needs of approximately 750,000 homes and should infuse approximately $1.6 billion into the Central Texas economy.

Temple Power Project

Temple Power Plant Facility Facts

Location: Synergy Industrial Park in Temple, Texas
Site Size: 250 Acres
Size: 758 Megawatts; Will supply the power needs of approximately 750,000 homes in Central Texas
Technology: Combined cycle
Fuel: Clean, natural gas
Air Permit Received: Oct. 2008
Construction Start Date: July 2012
Construction Time: Approximately 24-30 months
Anticipated Date of Substantial Completion: EY 2014

Temple Power Plant Facility Highlights

The Panda Temple I Generating Station will:

  • Contribute approximately $1.6 billion to the area’s economy during construction and the plant’s first ten years of operation
  • Create 700-800 construction jobs; 27 direct jobs to operate the plant and 45 indirect jobs to support the plant
  • Utilize the latest, most advanced emissions-control technology, making it one of the cleanest natural gas-fueled power plants in the United States
  • Employ “Quick start” turbines which can achieve 50% power production in 30 minutes and full baseload capacity in 60 minutes
  • Support the development of additional renewable generation by closing the generating gap caused when renewable energy suddenly drops offline
  • Provide higher power output during high temperature conditions, making the plant ideal for Texas’ hot summers

Market Need

  • ERCOT has forecast reserve margins declining to 10.5% in 2015 and 8.5% in 2016 — below the 13.75% reserve requirement necessary for grid reliability
  • The facility has been strategically sited along the Texas half of the I-35 corridor, one of the ten most concentrated, and rapidly growing, population centers in the United States. Approximately 45 percent of Texas’ 21 million citizens live within 50 miles of I-35
  • Texas large amount of wind generation requires natural gas-fueled back-up generation

Temple Power Plant Financing

Equity: Panda Power Funds and institutional co-investors
Debt: Lead arranger — Morgan Stanley

Construction and Technology Providers

Siemens Energy Inc — one of the world’s largest suppliers of turbine technology — will provide the power island package including the natural gas turbines, steam turbine and waste heat recovery boilers

Bechtel — one of the world’s largest construction and engineering companies — will be responsible for the engineering and procurement for the balance of the plant and the installation, construction and commissioning of the facility

Learn more about relationship between Panda, Bechtel and Siemens in this video produced by Bechtel for their Project of the Year competition

Contact us if you are interested in being a vendor or an employee for the Temple project

Temple, TX logo

About Temple, Texas

Begun in 1881 as a model city built from railroad blueprints, Temple remains a city with a vision. Our thriving, prosperous community continues to draw families and progressive commercial enterprises with its economic freshness and strong undercurrent of values, ethics and spirit. The Greater Temple Area boasts a population of over 111,000 but still maintains a "hometown" feeling.

Hometown pride infuses Temple's commitment to its natural beauty, its Texas-sized support of local sports, its emphasis on industrial growth, and its nurture of the body through its world-class medical center and of the mind through a strong educational base.

With a diverse mixture of talents and interests, Temple truly mixes the cosmopolitan outlook on the good "life" with rich, down-to-earth country "style" to create a lifestyle which promotes personal, professional and spiritual growth.
Used with permission by the Temple Chamber of Commerce

Local Support

“Panda Power Funds is exactly what we in Temple look for in a new corporate citizen. Since first coming to Temple, they have shown us that they are serious developers of power for our state and that they know how to be a strong citizen of a community. I visited the Panda Energy’s Brandywine facility in Maryland that supplies power to our nation’s capital and saw firsthand the lengths that Panda goes to in making sure that they are good stewards of the environment while supplying the power needs of the region. We look forward to continuing the great work that has begun as they build this important project in Temple, Texas.”
-- City of Temple Mayor Bill Jones, III