AGX Argan Inc. Biodiesel Power Plant Mfgr Message Board

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Gold/Mining/Energy : AGX Argan Inc. Biodiesel Power Plant Mfgr

AGX 310.41

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9:30 AM EST

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From: Scoobah	6/6/2008 8:38:50 PM
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Argan Inc. is expanding its alternative energy business with a new partnership to build wind farms. Argan, based in Rockville, announced Friday its wholly owned subsidiary, Gemma Power Systems, will team up with Invenergy Wind Management LLC in a new venture called Gemma Renewable Power, LLC. The venture, to be 50 percent owned by each partner, will design and build wind farms in the Mid-Western United States and Canada. Gemma Renewable Power will also assist with some of the ongoing servicing of the wind farms, which are expected to generate more than 300 megawatts of power. Invenergy Wind currently has more than 50 wind energy projects under development in the U.S., Canada and Europe. Gemma Power focuses its power plant construction business on the alternative fuel industry. It has managed the construction of more than 9,000 megawatts of power-generating capacity.

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