South Korea Bets $22.3 Billion on Texas Gas Plant to Fuel AI Surge
5 Articles
5 Articles
South Korea Bets $22.3 Billion on Texas Gas Plant to Fuel AI Surge
South Korea and the US have agreed on a $22.3 billion gas-fired power plant in Encinal, Texas, with 6.3 GW capacity to supply AI data centers. The project launches Seoul's $350 billion investment commitment secured in exchange for lower tariffs. Phased construction and potential nuclear follow-ons highlight energy's central role in bilateral ties.
South Korea has opted for a gas power project in Texas to be its first investment in the US under a trade agreement last year, in a move that could help ease tensions between allies after months of disagreement about the pace of implementation of Seoul's investment commitments. The US News and other Korean media agency stated that the project, located in Insinal [...], is beginning to implement its pledges to America with a $22 billion energy pr…
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