Dallas-based private equity firm, Panda Power Funds, has announced its plans to build, own and operate a 859MW natural gas-fired combined-cycle power plant (CCPP) project in Maryland.

Located between Air Force road and the CSX rail line off Brandywine road, the natural gas-fuelled generating station will be able to supply electricity to 859,000 homes in the Greater Maryland / Washington DC metropolitan area.

The Mattawoman plant, which will have advanced emissions-control technology and will be a 'zero-liquid-discharge' plant, will use recycled municipal waste water for cooling purposes.