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Gemma Power Systems Receives Notice to Proceed on a 1.2-GW Power Project in Texas

LCG, April 8, 2025--Gemma Power Systems (“Gemma”), a wholly owned subsidiary of Argan, Inc. (“Argan”), has received a notice to proceed on its previously announced engineering, procurement and construction (“EPC”) services contract with Sandow Lakes Energy Company, LLC (“SLEC”) for a 1.2-GW power plant in Lee County, Texas. Construction of the natural gas-fired, combined cycle facility is scheduled to commence this summer, with an expected project completion date in 2028

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NeuVentus Receives Storage Permits for its Texas Reliability Underground (TRU) Hub Salt Cavern Storage Project

LCG, April 4, 2025--NeuVentus, LLC ("NeuVentus") announced this week the receipt of a final order from the Railroad Commission of Texas (RRC) that grants a subsidiary of NeuVentus authority to create and operate 12 salt caverns for storage of a variety of gases (including natural gas and hydrogen) and liquids at its Texas Reliability Underground Hub ("TRU Hub") salt cavern storage project located in Liberty County, Texas.

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Industry News

Enron to Build 1,200 Megawatt Plant Near Cadiz

LCG, July 19, 2000--Enron Corp. said yesterday that it would build a 1,200 megawatt gas-fired power plant in southwest Spain, becoming the first foreign company to enter the Spanish electric power generation market.

The first of several, the Spanish government hopes. Last month, the government said it would introduce full competition to the power generation sector by 2003, four years ahead of a previously announced schedule.

The U.S. energy company said it had received Spanish government approval to build the new facility in Arcos de la Frontera, about 20 miles inland from the port of Cadiz.

Enrons Eric Gonzales said "We believe this is a very positive move toward the liberalization of the Spanish energy market and will help Enron to consolidate its presence in Spain, as well as increase its business opportunities."

Plans call for construction to begin this autumn and commercial operation to begin in early 2003. Enrons investment in the facility will be about $445 million.

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