Bechtel, in consortium with Siemens Energy Inc., built the state-of-the-art, Stonewall Generating Facility, a 778-megwatt plant for Panda Power Funds. The new natural gas-fired, combined cycle power plant uses the latest, advanced emissions-control technology and will generate clean energy for up to 778,000 homes in Virginia and the District of Columbia.
How the project began
A local real estate developer and entrepreneur contacted Bechtel to partner on the development of a combined-cycle power plant in Northern Virginia that would support the growing region.
We helped him move the project forward by providing development capital and leading the permitting and development including securing the air permit, executing the water supply agreement, securing county and state approvals, completing the electric interconnection process, and selecting the long-term equity partner. Panda Power Funds closed financing within 2-1/2 years.
We also delivered project management, engineering, procurement, construction and startup services for the facility.