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Panda Power Funds LP on Aug. 17 released plans to expand its natural gas-fired Sherman power plant within the Electric Reliability Council of Texas Inc. grid footprint.
"As Texas continues to grow, so will the demand for electricity," said Steve Tessem, vice president of Panda Power, in a news release. "When the ERCOT market signals the need for more power, we want to be at the ready to serve north Texas."
Located in Grayson County, the 758-MW, combined-cycle Sherman plant became commercially operational in July 2014. Panda Power said the expansion project is expected to cost $200 million to $300 million and is scheduled to be completed in 2019.
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