Panda Power Funds Selects GP Strategies for Monitoring and Training at State-of-the-Art Combined Cycle Power Plants
COLUMBIA, Md., April 11, 2014 /PRNewswire/ — Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) was selected by Panda Power Funds to provide instructor-led training and GPiLEARN™ web-based training at three of their new natural gas power plants: one in Sherman and two plants in Temple, Texas. In addition, Panda Power Funds chose GP Strategies’ EtaPRO™ technologies for performance and condition monitoring at those plants.
The Sherman and Temple plants are expected to be among the most efficient, rapid-start combined cycle power plants in Texas. The Temple plants will have the combined capacity to generate 1516 megawatts of power and the Sherman plant will have the capacity to generate 758 megawatts of power using the latest, most advanced emissions-control technology, making them some of the cleanest and most efficient natural gas-fueled power plants in the nation.
To support this innovative technology, the new plants require a well-trained workforce and advanced equipment monitoring systems to ensure the highest level of performance is achieved. GP Strategies was selected to help drive these performance initiatives at the Sherman and Temple I & II power generating stations.
“Panda Power Funds conducted a rigorous evaluation process comparing GP Strategies to other providers. GP Strategies’ deep domain expertise and powerful combination of EtaPRO and GPiLEARN technologies will help ensure that our plants perform at their best,” said Don Thorpe, Vice President of Operations at Panda Power Funds.
About Panda Power Funds
Founded in 2010, Panda Power Funds, a private equity firm headquartered in Dallas, Texas, has the ability to develop, acquire, construct, finance and operate large-scale, natural gas-fueled power generation facilities. Panda has five combined-cycle power plants currently under construction in Texas and Pennsylvania with a total capacity of nearly 4,000 megawatts and has announced a 750-megawatt combined-cycle power plant in Northern Virginia and an 859-megawatt power facility in Southern Maryland. The firm built a 20-megawatt solar farm in Southwest New Jersey that is one of the largest solar facilities in the Northeast United States. Additional information on Panda Power Funds can be found at www.pandafunds.com.
GP Strategies’ Energy Services Group
GP Strategies’ Energy Services Group provides engineering services, products and training to the energy market sector. Our EtaPRO™ Performance and Condition Monitoring System and GPiLEARN™ Training Portal help power plants worldwide meet their goals for improving reliability, capacity and efficiency.
GP Strategies is a global performance improvement solutions provider of training, eLearning solutions, management consulting and engineering services. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at www.gpstrategies.com.
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SOURCE GP Strategies Corporation
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