Any public service company holding a limited power permit or a limited water supply permit, granted on behalf of a power project or a water supply project for use in public service, shall have the right and power to condemn and appropriate any lands, waters, and other property and rights, as to which the said commission, after due notice and public hearing, shall have found that the appropriation of the same is required by the present and future interests of the Commonwealth for the construction, maintenance, or operation of the project in behalf of which such permit is granted, and is not incompatible with the public interests of the region in the vicinity of such project.
32 P.S. § 623