Argan to build Illinois wind farm

Rockville-based Argan Inc. says its Gemma Power Systems power plant division has been awarded a $51 million contract to design and build a wind turbine farm in Illinois.

The contract, from Bishop Hill Energy, is for the design and construction of a 200 megawatt wind farm in Henry County, Illinois. It will include 134 General Electric wind turbines and is expected to be completed in late 2011, the company says.

Argan's Gemma Power Systems division is headquartered in Hartford, Conn.

Argan had second quarter revenue of $54.5 million, down from $65.5 million a year earlier after finishing a project in California. Net income rose to $3.3 million, from $2.7 million.

Argan (NYSE Amex: AGX) gets the majority of its revenue from its Gemma Power Systems unit.

Read the full story in the Washington Business Journal.


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