PANDORA, Plasmas for Astrophysics, Nuclear Decays Observation and Radiation for Archaeometry, is planned as a groundbreaking new facility based on a state-of-the-art plasma trap confining extremely energetic plasma for performing interdisciplinary research in the fields of Nuclear Astrophysics, Astrophysics, Plasma Physics and Applications in Material Science and Archaeometry: the plasmas become the environment for measuring, for the first time, nuclear decays rates in stellar-like condition (such as 7 Be decay and beta-decay involved in s-process nucleosynthesis), especially as a function of the ionization state of the plasma ions. These studies are of paramount importance for addressing several astrophysical issues in both stellar and primordial nucleosynthesis environment (e.g. determination of solar neutrino flux and 7 Li Cosmological Problem), moreover the confined energetic plasma will be a unique light source for high performance stellar spectroscopy measurements in the visible, UV and X-ray domains, offering advancements in observational astronomy. As to magnetic fields, the experimental validation of theoretical first and second order Landé factors will drive the layout of next generation polarimetric units for the high resolution spectrograph of the future giant telescopes. In PANDORA new plasma heating methods will be explored, that will push forward the ion beam output, in terms of extracted intensity and charge states. More, advanced and optimized injection methods of ions in an ECR plasma will be experimented, with the aim at optimizing its capture efficiency. This will be applied to the ECR-based Charge Breeding technique, that will improve the performances of the SPES ISOL-facility currently installed at Laboratori Nazionali di Legnaro-INFN. Finally, PANDORA will be suitable for energy conversion, making the plasma as an exceptional source of electromagnetic radiation, for applications in Material Science and Archaeometry. PACS. 52.72.+v Laboratory studies of space-and astrophysical-plasma processes -26. Nuclear Astrophysics -23.40.-s Beta decay; Electron Capture -95.55.Qf Photometric, polarimetric and spectroscopic instrumentation -52.50.-b Plasma production and heating -52.65.-y Plasma simulation -52.70.-m Plasma diagnostics techniques and instrumentation