Gemma Power Systems, LLC Begins Construction of 475 MW Power Project in Ohio

Latest project in series of contracts to build 3000 MW of generation in five states

GLASTONBURY, Conn.--Gemma Power Systems, LLC (GPS) has received Full Notice to Proceed (FNTP) to commence activities under an Engineering, Procurement and Construction (EPC) services 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 is one of two similar projects awarded to GPS by NTE; the second project, also a 475 MW facility, is located in Kings Mountain, NC for NTE Carolinas LLC.

The NTE projects are the latest in a series of major power plant construction contracts awarded to Gemma in the past few months. GPS currently has EPC contracts to construct nearly 3000 MW of natural gas-fired generation in five states.

The Middletown Energy Center project is scheduled to be completed in the second quarter of 2018. The Kings Mountain Energy Center project is anticipated to be released in October and will be complete later in 2018.

"We're pleased to be working with NTE on this state-of-the-art facility and look forward to delivering a great project experience for them," said William F. Griffin Jr., Chief Executive Officer of Gemma Power Systems.

The Middletown Energy Center project will employ approximately 300 craft workers at the peak of construction and provide 30 permanent jobs for the area.

Both NTE projects feature an advanced Mitsubishi Hitachi Power Systems Americas M501GAC combustion turbine generator, a Vogt Power International supplementary-fired heat recovery steam generator and a Toshiba America Energy Systems steam turbine generator.

About Gemma Power Systems
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 Follow Gemma on Twitter @gemma.

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