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Energy Central Texas natural gas power plant to expand

Central Texas natural gas power plant to expand

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Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

 

TEMPLE, Texas (AP) — Officials say a natural gas-fueled power plant in Central Texas will double in size and supply power to approximately 1.5 million homes.

It was only last September when Dallas-based Panda Power Funds broke ground on a 758-megawatt plant in Temple, about 35 miles southwest of Waco.

Panda announced Thursday that it will double the size of the plant, ultimately generating 1,516 megawatts. Company officials say up to 800 construction jobs will be created and the second generating station will be online by summer 2015.

Panda spokesman Bill Pentak declined to discuss the cost of the project but the U.S. Energy Information Administration estimates it costs $1 million per megawatt of energy being produced. That would mean the latest Panda project will cost about $758 million.

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