Argan subsidiary receives full NTP on $1.35B EPC contract for 1,350 MW Texas plant

ARGAN INC

Gemma Power Systems to build CPV Basin Ranch Energy Center, a 1,350 MW combined-cycle plant in Ward County, TX.
Full notice to proceed received; contract value will be added to Q3 backlog ending October 31, 2025.
Plant features GE 7HA.03 turbines with optional carbon capture; completion expected in 2028.
Construction begins this fall; expected to create thousands of jobs and power 850,000 West Texas homes.
POWER Engineers selected for detailed engineering; CPV is the developer and customer.

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