Today, May 15, 2014, in Towanda, Bradford County, Pennsylvania, Panda Power Funds broke ground for the first new power plant in Pennsylvania that was specifically developed to take advantage of its proximity to the Marcellus Shale gas formation. Governor Tom Corbett and other Pennsylvania officials joined the company in its groundbreaking ceremony.
This plant is expected to contribute an estimated $5.97 billion to the area’s economy during construction and the facility’s first 10 years of operation. The company also reports that approximately 500 jobs will be created during peak construction. Upon completion in 2016, the generating station will create an estimated 27 skilled jobs to operate the facility, as well as creating 45 indirect jobs within the community to support the plant.