Panda Temple II Power Project

The Panda Temple II 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.

1,516-MW Temple I and II Power Projects

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: April 2013
Construction Time: Approximately 24-30 months
Anticipated Date of Substantial Completion: EY 2015

Temple Power Plant Facility Highlights

The Panda Temple II 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; 8 direct jobs to operate the plant (35 skilled jobs between both the Temple I and II plants) 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 arrangers — Goldman Sachs and Credit Suisse

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