Argan's Gemma Power Systems secures EPC contract for 1.2 GW Texas gas plant

ARGAN INC

Construction on the 1.2 GW Lee County plant begins summer 2025; completion targeted for 2028.
The ultra-efficient combined-cycle plant will supply power to 800,000 homes within the ERCOT grid.
Turbines are Siemens SGT6-9000HL units capable of hydrogen blending with minor modifications.
No contract value disclosed; project material to Argan but terms remain confidential.
Gemma CEO cites critical need for additional power capacity to meet growing demand.

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