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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

India Federal Power Secretary Says Country Should Wait to Deregulate Energy

LCG, September 12, 2002-According to the Press Trust of India, India's Federal Power Secretary has said that the country should wait at least ten years to deregulate its electricity industry.

Power Secretary R.V. Shahi said that the lack of balance between demand and supply, an unfortunate condition that prevails in India, mandates that deregulation wait.

Many regions of the country suffer from regular blackouts or receive no power at all, and much of the power produced is also stolen. Shahi is confident of a future when supply matches demand more closely, but he believes deregulation now will only lead to more chaos.

An International conference will be held in New Delhi this October addressing energy regulation in developing countries.

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