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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

Lebanese Cabinet Denies Rumors of Electricity Crisis

LCG, Jan. 18, 2002--The Lebanese Daily Star reported that Cabinet officials heard from Energy and Water Minister Mohammed Abdel-Hamid Beydoun at a routine session that no energy crisis was imminent.

Beydoun's remarks reportedly indicated that fuel oil stocks and expected additions would meet the requirements for the coming month. Further, he is to have said, rumored breakdowns at the Deir Ammar and Zahrani power plants were not true, due to the facilities' being diesel-powered. Leading the meeting were President Emile Lahoud and Prime Minister Rafik Hariri.

Leaks to the press had indicated that blackouts might occur, a scenario which Information Minister Ghazi Aridi called "wrong." Aridi informed the press that talks between the Cabinet and Electricite du Liban Director-General Kamal Hayek will be held to clear up all issues regarding power security.

Lahoud has urged that dams approved by the government be brought into operation as soon as possible in order to obtain all possible benefits from hydropower.

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