Argan subsidiary Gemma Power gets notice to proceed on 1.2 GW Texas gas plant

ARGAN INC

Gemma Power Systems received notice to proceed on EPC contract for a 1.2 GW natural gas-fired plant in Lee County, Texas.
Construction expected to start summer 2025, with completion targeted for 2028.
Plant will use two Siemens SGT6-9000HL gas turbines capable of hydrogen operation.
Project added to Argan's project backlog; previously announced but now proceeding.

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