Argan, Inc. ("Argan") has announced that its subsidiary, Atlantic Projects Company ("APC"), has secured a contract for the Platin Power Station with SSE Thermal, a part of SSE plc. The project, located in County Meath, Ireland, will provide approximately 170 MW of generation capacity to the grid. The Platin Power Station is expected to be completed by 2028, marking a significant milestone for APC and strengthening its relationship with SSE.
This contract represents APC's second project with SSE this year and reinforces the partnership between the two companies. The project aims to support the transition to cleaner, more efficient, and sustainable energy solutions. SSE Thermal's managing director, Finlay McCutcheon, expressed pride in partnering with APC and Siemens Energy to deliver the Platin Power Station, emphasizing the focus on completing the project safely and efficiently.
Argan's primary business revolves around providing construction and related services to the power industry. APC, with a 50-year track record, specializes in providing engineering, construction, and technical services for power generation clients, particularly in the Republic of Ireland and the United Kingdom. The company has successfully completed over 8,000 projects on four continents.
The press release did not include specific financial metrics or comparisons to the previous period. As a result of these announcements, the company's shares have moved 0.25% on the market, and are now trading at a price of $236.49. For more information, read the company's full 8-K submission here.
