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.
Inside the project
Stonewall Energy is the fourth of five combined-cycle power plant projects that the Bechtel-Siemens team has undertaken for Panda Power Funds. “We have a long-standing relationship with the Bechtel-Siemens consortium, and they continue to provide value for us as we start to deliver this new generating station to the people of Loudoun County,” said Todd Carter, president and senior partner of Panda Power Funds.
The partnership’s other projects are located in Texas and include Panda Temple I and Panda Temple II, two power plants that generate 1,516 megawatts of clean energy, the Panda Sherman Generating Station, a 758-megawatt combined-cycle plant near Dallas, and the Hummel Station in Pennsylvania,a 700-megawatt plant which is currently under construction.
In addition to providing much-needed clean energy for the area, the Stonewall Generating Station is providing numerous economic benefits to the region. These include:
- Creating approximately 800 construction jobs at the peak of construction
- Creating 30 long-term jobs after construction
- Generating an estimated $20 million per year in direct and indirect spending
- Placing 30 percent of contracting opportunities with local Virginia, District of Columbia, Maryland, Pennsylvania and West Virginia firms
Protecting the Chesapeake Bay ecosystem
The Chesapeake Bay is the largest estuary in the United States and home to an enormous number of plants, animals and people. Its ecosystem includes local rivers and streams and the wildlife they support. Stonewall supplies its water needs using the output from the local wastewater treatment facility. Sanitized water undergoes treatment to be used in the plant and 100 percent of the facility’s own wastewater is reused on the site, helping conserve Virginia’s natural supply of drinking water and prevent discharge of harmful nutrients into the Potomac River and Chesapeake Bay watershed.