Argan Subsidiary to Build Natural Gas-Fired Power Plant in California
January 4, 2008
Argan said its wholly owned subsidiary, Connecticut-based Gemma Power Systems, which designs and builds energy plants for the alternative energy sector, has received an Interim Notice to Proceed from Pacific Gas & Electric Co. on an approximately $340 million contract to design and build a natural gas-fired power plant in Colusa, Calif. Argan said it expects to complete contract negotiations in January 2008 and receive the Full Notice to Proceed by February.
Originally published by Daily Record Staff & Wire Reports.
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