Panda Sherman Combined Cycle Power Plant is a 758MW gas fired power project. It is located in Texas, the US. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in November 2014.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 758 758 Active Texas, the US Panda Power Funds


The project was developed by Panda Power Funds and is currently owned by Panda Sherman Power.

It is a Combined Cycle Gas Turbine (CCGT) power plant. The fuel is procured from Barnett Shale.

The project cost is $1,072.57m.

Development Status

The project got commissioned in November 2014.

Contractors Involved

Bechtel and Siemens were selected to render EPC services for the gas fired power project.

Siemens was selected as the turbine supplier for the Gas fired project. The company provided 2 units of SGT6-5000F gas turbines.

Siemens was selected as the turbine supplier for the Gas fired project. The company provided 1 unit of SST6-5000 steam turbine.

Siemens supplied SGen6-2000H electric generator for the project.

Siemens supplied SGen6-1000A electric generator for the project.

NEM USA supplied steam boiler for the project.

About Panda Power Funds

Panda Power Funds LP (Panda Power Funds) is a private equity firm that offers infrastructure investments. The firm develops or acquires expandable energy assets, specializing in large-scale natural gas-fueled power plants, combined-cycle generation plants and solar generation plants. It invests in domestic, greenfield power development, brownfield acquisition and expansion, infrastructure, power generation, and energy assets with concentration on large scale natural gas-fueled power plants and utility-scale solar projects. The firm develops its projects through long-term sales contracts, joint ventures partnerships, and own or transfer arrangements in the US and Canada. Panda Power Funds is headquartered in Dallas, Texas, the US.


All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.