Two 475 MW Combined Cycle Plants to be constructed
GLASTONBURY, CT, August 20, 2015 – Gemma Power Systems, LLC (GPS) has received Interim Notice to Proceed (INTP) to commence activities under an Engineering, Procurement and Construction Services (EPC) contract with NTE Ohio LLC, an affiliate of NTE Energy, to construct a 475 MW state-of-the-art natural gas-fired power plant in Middletown, OH.
The Ohio project features an advanced Mitsubishi Hitachi Power Systems Americas (MHPSA) M501GAC combustion turbine generator, a Vogt Power International supplementary-fired heat recovery steam generator and a Toshiba America Energy Systems steam turbine generator. It is one of two similar projects which GPS is contracted to perform for NTE; the second project is located in Kings Mountain, NC for NTE Carolinas LLC.
The Middletown Energy Center project has a contract value of approximately $300 million and is scheduled to be completed in the second quarter of 2018. The Kings Mountain Energy Center project is anticipated to be released in September and will be complete later in 2018.
“NTE is a new customer for us and we look forward to demonstrating how we deliver a great project experience as we build these state-of-the art facilities for them,” said William F. Griffin Jr., Chief Executive Officer of Gemma Power Systems. “We’re very pleased to be working with NTE on these projects and anticipate developing a long-term relationship with them,” said Griffin.
The Middletown Energy Center project will employ 300 craft workers at the peak of construction. Approximately 25-30 full time employees will be required to operate the facility when it is completed.
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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