Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Receives Full Notice to Proceed on Natural Gas-Fired Combined Cycle Power Plant

By March 14, 2016October 28th, 2020No Comments

ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) announced today that on March 11, 2016, its wholly owned subsidiary, Gemma Power Systems (GPS), received from NTE Carolinas LLC, an affiliate of NTE Energy (“NTE”), a full notice to proceed with engineering, procurement and construction activities for a 475 MW natural gas-fired combined cycle power plant to be located in Kings Mountain, North Carolina.