What’s happening at the Panda Sherman power project?
A power project has literally hundreds of items which must be completed prior to the beginning of construction. These involve:
- Securing environmental permits,
- Negotiating power purchase agreements,
- Procuring gas supplies,
- Acquiring adequate water supplies,
- Identifying and reserving power generation equipment,
- Working with local officials to obtain mutually beneficial tax agreements,
- Engineering and designing the facility, and
- Financing the project.
Panda Energy has more than 50 professionals experienced in each of the above areas and more. They are working to complete the task necessary to see the Panda Sherman Generating Station come out of the ground.
Check back to this Web page often to learn about the Sherman project’s latest developments.
The City of Sherman, Texas, is located at the crossroads of U.S. 75 and U.S. 82 in North Texas. The county seat of Grayson County, Sherman is a community of 36,000 residents and home to several Fortune 100 industries in addition to Austin College, a vibrant arts community, and abundant recreational opportunities. Excellent schools, beautiful scenery, and a variety of shopping, restaurants and hotels add to the community.
Sherman is 60 miles north of Dallas—close enough to the Dallas-Fort Worth Metroplex to access the urban amenities—yet it still retains an unhurried and friendly atmosphere of smaller communities. Sherman also has a richly diverse history and is only 10 miles south of Lake Texoma, one of the largest reservoirs in the state of Texas and well-known for its champion bass fishing, sailing, camping and hiking.
Used with permission from Department of Tourism