Argan Inc.
Argan Secures EPC Contract for Texas Power Plant
Summary
Argan, Inc.'s subsidiary, Gemma Power Systems, received a notice to proceed on an engineering, procurement, and construction services contract with CPV Basin Ranch Holdings LLC for a 1,350 MW power plant in Texas. The project, featuring GE 7HA.03 turbines with an option for carbon capture, is scheduled to begin construction this fall with a completion date in 2028. This contract will be included in Argan's consolidated project backlog for the period ending October 31, 2025.
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About Argan Inc.
Argan Inc. is a holding company primarily engaged in overseeing operations within the engineering and construction services arena. The company operates through its subsidiaries, with a strong focus on designing and constructing energy-related facilities. Argan Inc. is prominently known for its work in developing natural gas-fired power plants, which contribute significantly to the energy infrastructure sector. In addition, Argan Inc. provides services in renewable energy projects, expanding its impact within the sustainable energy domain. The firm is essential in meeting the increasing demand for efficient and reliable power generation solutions, both domestically and internationally. Through its subsidiaries, Argan Inc. engages in project designing, engineering, procurement, construction, and commissioning tasks, serving a wide range of clients. Argan Inc. plays a crucial role in the infrastructure and utilities sectors by supporting energy transition trends and ensuring the delivery of strategic construction projects. As a market participant, the company significantly contributes to shaping the future of energy production through its commitment to innovation and excellence in engineering practices.
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