Gemma Power Systems Receives FNTP for Moxie Freedom Combined Cycle Power Plant

1 GW Plant to be constructed in Salem Township, PA

Gemma Power Systems, LLC (GPS) has received Full Notice to Proceed (FNTP) with activities under an Engineering, Procurement and Construction contract from Caithness Moxie Freedom, LLC for a 1 GW Combined Cycle Natural Gas-Fired Power Plant in Salem Township, Luzerne County, PA.

Construction on the $800 million facility, named Moxie Freedom, will begin this year with completion scheduled in 2018. At the peak of construction the project is expected to employ more than 600 craft workers. The facility is owned by Moxie Freedom Holdings, a subsidiary of Moxie Energy and Caithness Energy.

“We’re very pleased to working with Caithness Energy and once again with Moxie Energy and appreciate the confidence they have shown in us to design and build another state-of-the-art power facility for them,” said William F. Griffin Jr., Chief Executive Officer of Gemma Power Systems.

The Freedom generating project features two identical single shaft power trains consisting of GE 7HA.02 combustion turbines, heat recovery steam generators (HRSG), steam turbines and generators. The HRSG will have a Selective Catalytic Reduction System for NOx control and an oxidation catalyst to reduce CO2 and VOC emissions. The plant will be fueled exclusively by natural gas.

The Caithness Moxie Freedom power generation plant joins two 800 MW facilities developed by Moxie that are currently under construction by Gemma in northeastern Pennsylvania. The twin 800 MW projects, owned by Panda Power Funds, are Panda Liberty in Towanda, PA and Panda Patriot in Montgomery, PA. All three power facilities are specifically developed and sited to take advantage of the Marcellus Shale natural gas deposit.

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 www.gemmapower.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151110007008/en/

Gemma Power SystemsSandra Ahearn, 860-659-0509 (o)860-729-7337 (m)sandraahearn@gemmapower.com

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