200 MW Plant to be constructed in Medway, MA, subject to regulatory approvals
GLASTONBURY, CT, August 5, 2015 – Gemma Power Systems, LLC (GPS) has received a Limited Notice to Proceed (LNTP) to commence activities under a Turnkey Engineering, Procurement and Construction Contract with Exelon West Medway II, LLC for a 200 MW dual-fuel Simple Cycle Power Plant in Medway, Massachusetts. The Full Notice to Proceed (FNTP) is contingent upon Exelon receiving all Massachusetts regulatory approvals for the project.
Exelon West Medway II, LLC is a wholly-owned subsidiary of Exelon Generation Company, LLC and Exelon Corporation, the nation’s leading competitive energy provider based in Chicago, Illinois. The contract value is approximately $100 million.
The new facility will be constructed on a 70-acre site adjacent to Exelon’s existing 173 MW Medway Generating Station and will feature two 100 MW General Electric LMS100 combustion turbine generators. Construction and commissioning is planned to be complete in the second quarter of 2018.
“Exelon is a new customer for us and we’re gratified with the confidence they have shown in us to construct this essential power facility for them,” said William F. Griffin Jr., Chief Executive Officer of Gemma Power Systems. “We look forward to this new partnership, adding to our LMS100 resume and demonstrating the reputation we have built over the past 18 years,” Griffin said.
About Gemma Power Systems, LLC:
Gemma Power Systems, a wholly owned subsidiary of Argan Inc. (NYSE: AGX), is a leading Engineering, Procurement and Construction (EPC) company providing innovative solutions for the power and renewable energy industry. Our wide-ranging and comprehensive experience includes 11,000 MW of installed capacity including combined cycle and simple cycle gas turbine generating plants, biomass, solar facilities, wind farms, biofuel plants and environmental facilities. Additional information about Gemma Power Systems can be found at www.gemmapower.com.
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Exelon Corporation (NYSE: EXC) is the nation’s leading competitive energy provider, with 2014 revenues of approximately $27.4 billion. The Exelon family of companies participates in every stage of the energy business, from generation to competitive energy sales to transmission to delivery.
Headquartered in Chicago, Exelon does business in 48 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with more than 32,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. Exelon’s utilities deliver electricity and natural gas to more than 7.8 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO). Follow Exelon on Twitter @Exelon.