Gemma Renewable Power signs contract for $51 million wind farm

Rockville, Md., November 16, 2010 — Argan, Inc. unit Gemma Renewable Power signed a $51 million EPC contract with Bishop Hill Energy, a unit of Invenergy Wind North America to design and build a 200 MW wind farm in Henry County, Illinois.

The Bishop Hill wind farm is expected to consist of up to 134 GE wind turbines. Gemma Renewable Power will provide design and construction of roads, foundations, and electrical collection systems in addition to erecting towers, turbines and blades. The project is slated for completion in late 2011.

Rainer Bosselmann, Chairman and CEO of Argan, said, “We are very pleased to sign the EPC contract for this important alternative energy project. Gemma’s project management and construction capabilities will contribute to the success of this project. We again welcome the opportunity to work with the Invenergy team on another wind farm project.”

Argan’s primary business is designing and building energy plants through its Gemma Power Systems unit. These energy plants include traditional gas as well as alternative energy including biodiesel, ethanol and renewable energy sources such as wind power and solar. Argan also owns Southern Maryland Cable, Inc. and Vitarich Laboratories, Inc.

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