Gemma Power Systems to Commence Construction on 475 MW Power Project in North Carolina
Second Project for NTE Energy achieves Financial Closing
Gemma Power Systems, LLC (GPS) has received full Notice to Proceed (NTP)
to begin activities under an Engineering, Procurement and Construction
(EPC) services contract with NTE Carolinas LLC, an affiliate of NTE
Energy, to construct a 475 MW state-of-the-art natural gas-fired power
plant in Kings Mountain, North Carolina.
The Kings Mountain Energy Center is one of two similar power projects
awarded to GPS by NTE; the second project, also a 475 MW facility, is
located in Middletown, Ohio and received NTP in October 2015.
The Kings Mountain Energy Center project is scheduled to be completed in
the second half of 2018, while Middletown, Ohio is scheduled to complete
early second quarter of 2018.
“We congratulate NTE Carolinas and the future utility customers of KMEC
for achieving Financial Closing. We’re pleased to be working with NTE on
their first two facilities and look forward to a long and successful
relationship with them,” said William F. Griffin Jr., Chief Executive
Officer of Gemma Power Systems.
The Kings Mountain project will employ approximately 300 craft workers
at the peak of construction and provide approximately 25 to 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 comprises 14,000 MW under contract and 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 www.gemmapower.com.
Follow Gemma on Twitter @gemmapwr.
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Copyright Business Wire 2016
Source: Business Wire
(March 14, 2016 - 9:30 AM EDT)
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