Argan Inc.
Argan Subsidiary Secures Major Power Station Contract
Summary
Argan, Inc. announced today that its subsidiary, Atlantic Projects Company (APC), has entered into an engineering, procurement, and construction services contract for the Platin Power Station with SSE Thermal, part of SSE plc. The project, located in County Meath, Ireland, will consist of three Siemens Energy SGT-800 turbines operating in open cycle mode with supporting equipment. Expected to provide approximately 170 MW of generation capacity by 2028, the contract marks a significant milestone for APC and strengthens its partnership with SSE Thermal. The full amount of the contract value will be included in Argan's consolidated project backlog for the period ending July 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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