Plugging in to Panda Power’s Electric Generation Supply Chain
As we reported in December, Panda Power Funds, a private equity firm located in Dallas, TX, purchased the rights to build two electric generating plants–one in Bradford County, PA and the other in Lycoming County, PA (see Panda Power Buys Rights for 2nd Marcellus-Fueled Electric Plant). Construction on the Bradford County plant, dubbed Panda Liberty, is under way now. Panda is spending northward of $1.3 billion to build the two plants–an incredible amount of money that’s being pumped into the northeastern Pennsylvania economy.
MDN spotted an article that mentions Panda and their projects, including the two PA electric plants. The reason that we bring it to you is that it provides background on the vendors Panda is using to build the plants. Which may be of interest to companies that would like to plug into the supply chain and see if they can drum up some business from these two projects…
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The very twisted philosophy of so-called “Earth First” group members seems to be that humans are an infestation on Mother Earth, hence the name (full of self-loathing people, apparently). A group of Earth Firsters, most of them not from Pennsylvania, protested and shut down an Anadarko Petroleum drilling site in PA yesterday. Anadarko owns leases land in the Tiadaghton State Forest in Lycoming County, PA where they have an active drilling site (near Williamsport). Three of the protesters locked themselves to a solid concrete pipe embedded with shrapnel that reached across the road blocking the way to the drill site. The protesters had to be cut free at great personal danger to themselves and the first responders who cut them free. Five protesters in all were arrested.
Pennsylvania released their second half 2013 production numbers yesterday and man oh man is it another sizzling hot report. Another 700 horizontal (mostly Marcellus) shale wells were brought online in the second half of 2013 in PA which brings the number of horizontal wells with reported production to 5,074. And, in what we believe is a first, Susquehanna County has displaced Bradford County as having the most production during a 6-month reporting period.
A quick update on the political persecution being shamefully conducted by Pennsylvania’s new Attorney General Kathleen Kane against XTO Energy (see