other material
confidence high
sentiment positive
materiality 0.65
Argan subsidiary APC awarded full notice to proceed on 264-MW Ireland power project
ARGAN INC
- APC received full notice to proceed on EPC contract with GE Vernova for Shannonbridge Power Project in County Offaly, Ireland.
- Project will install eight GE LM2500XPRESS aeroderivative gas turbine units totaling 264 MW.
- Targeted completion early 2024; work had begun earlier under limited notices to proceed.
- APC and sister company Gemma Power Systems will jointly oversee design, procurement, construction and commissioning.
- Project is for EirGrid and ESB to enhance Ireland's emergency power infrastructure.