Argan’s Gemma Power Systems gets notice to proceed on EPC contract

Argan (AGX) “announces that its wholly owned subsidiary, Gemma Power Systems, received a notice to proceed on its previously announced engineering, procurement and construction services contract with Sandow Lakes Energy Company, LLC of Rockdale, Texas, for a 1.2 GW ultra-efficient natural gas-fired plant in Lee County, Texas. This project has now been added to the Company’s project backlog and construction is expected to begin this summer, with an expected project completion date in 2028.”