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Gemma Power Systems Signs EPC Contract for 1.2 GW Power Project in Texas
Contract Type
contract
RockvilleMobileScience And EngineeringDescription
Argan, Inc. (NYSE: AGX) through its subsidiary, Gemma Power Systems, has entered into an engineering, procurement and construction (EPC) services contract with Sandow Lakes Energy Company, LLC for the development of a 1.2 GW ultra-efficient natural gas-fired plant in Lee County, Texas. The project aims to supply power to 800,000 homes within the Electric Reliability Council of Texas (ERCOT) and is expected to commence construction this summer with an anticipated completion date in 2028.