Argan Inc.
Argan, Inc. Subsidiary Secures Major Biofuel Power Plant Contract
Summary
Argan, Inc. announced that its wholly-owned subsidiary, Atlantic Projects Company, has entered into a contract with SSE Thermal for an approximately 300 MW biofuel power plant in County Kerry, Ireland. The Tarbert Next Generation Power Station will utilize Ansaldo Energia's AE94.3A turbine, powered by sustainable biofuels with potential conversion to hydrogen. Construction is set to begin later this year with completion expected towards the end of 2027, contributing to Ireland's energy security and renewables-led system.
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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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