• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Sunbury Generation Lands First Tenant for Old Trail Industrial Park KOEZ with Announcement of Financing of Panda Hummel Station Power Plant

October 28, 20156:00 AM Business Wire

SHAMOKIN DAM, Pa.–(BUSINESS WIRE)–Sunbury Generation LP announced today the successful financing of the Panda Hummel generating station by development partner Panda Power Funds, of Dallas, Texas. Panda Hummel will be the first tenant of Old Trail Industrial Park which Sunbury Generation and their affiliate Arcova Development LLC have developed. The new facility will occupy an 18-acre parcel of Sunbury Generation’s 192-acre Keystone Opportunity Expansion Zone (KOEZ) at the site of the retired Sunbury Generation coal-fired power plant.

The Sunbury/Arcova team led the early development of the project and entered into a joint venture with Panda earlier this year to complete development and arrange financing for the project, a +1,000 megawatt natural gas-fueled, combined-cycle power project near Shamokin Dam in Snyder County, Pennsylvania. Since that time, Panda has taken the lead in developing Hummel Station.

“Panda is a clear leader in the power industry and has been a tremendous partner. We are proud to be part of the development of the new Panda Hummel Station power plant, which continues the site’s sixty-year heritage of providing reliable generation capacity to the region,” said Dave Meehan, President of Sunbury Generation.

Panda’s Hummel generating station is expected to bring significant benefits to the region during construction and the life of the facility. Approximately 900 jobs will be created to construct the power plant over a two and a half year period. The generating station will create approximately 35 direct, long-term jobs to run the facility and an estimated 52 indirect jobs within the community to support the plant.

By serving as the anchor tenant in the 192-acre Sunbury Keystone Opportunity Expansion Zone (KOEZ), Hummel Station should also support additional investment at the site of the retired coal plant. The power facility will also help support a long-term market for Pennsylvania Marcellus Shale gas producers and royalty owners.

The Sunbury/Arcova early development team included technical expert Bibb Engineers, Architects & Constructors of Kansas City, general counsel Sidley Austin LLP of Washington DC, and Perella Weinberg Partners of New York City acting as Sunbury’s financial advisor.

“Over the past several years, we have enjoyed tremendous support from the local communities. Our dream to attract industrial tenants to the KOEZ has achieved its first milestone, and Panda Hummel Station will be a great new neighbor for Sunbury Generation and the entire region,” Meehan said.

About Sunbury Generation LP / Arcova Development LLC

Sunbury Generation LP and its General Partner, Corona Power LLC were formed in 2006 and acquired the coal-fired power plant assets at the Sunbury plant in Shamokin Dam, PA that same year.

Sunbury Generation partners include AMCI, of Greenwich, Connecticut, JAZ Ventures LP, of Latrobe, Pennsylvania, and DALK Land LP, of Blossburg, Pennsylvania.

Sunbury formed Arcova Development in 2015 to provide early stage development expertise for opportunities focused in the Marcellus “Fairway”. The Arcova team has over 75 year’s collective experience in executive management, project development, project management and design engineering and construction.

Further information on Sunbury Generation and Arcova is available via the contact information included with this release.

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Oil prices rise to one-month highs on weak dollar
  • The innovations driving Canada’s oil and gas sector
  • Leading oil and gas producer overhauls field operations and sees OPEX drop 18%
  • PrairieSky Q1 net profit nearly doubles as revenues increase on higher energy prices
  • PrairieSky announces 2021 first quarter results

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.