Argan’ Gemma Power Systems gets full notice to proceed on Texas power plant

Argan (AGX) “announces that its wholly owned subsidiary, Gemma Power Systems, received full notice to proceed on an engineering, procurement and construction services contract with CPV Basin Ranch Holdings LLC, an affiliate of Competitive Power Ventures, the developer of the CPV Basin Ranch Energy Center located in Ward County, Texas. The 1,350 MW, 2-11 combined-cycle power plant featuring GE 7HA.03 turbines is being designed with the option to include a carbon capture capability. Construction is expected to begin this fall, with a current scheduled project completion date in 2028. Under the contract, Gemma will provide full EPC services for the new power facility, which will deliver reliable, efficient, and environmentally responsible energy to the region. Gemma selected POWER Engineers, Inc. to perform the detailed engineering for the project. The CPV Basin Ranch Energy Center represents a significant investment in strengthening the local power infrastructure, supporting economic development, and contributing to the transition toward cleaner energy solutions.”