Korea Economic Daily quoted government sources who did not wish to be named as reporting that South Korea has selected a gas power plant project of about US$22.3 billion in the US state of Texas as the first project to be implemented under its US$350 billion investment plan in the US. South Korea and the US have finalized the final cost of the project of about 22.3 billion US dollars; the US side initially requested an investment of 25 billion US dollars, and the South Korean side initially considered the amount of 19.8 billion US dollars. The project is located in Encinar, Texas, with a total installed capacity of 6.3 gigawatts to meet the power requirements of the AI data center. The project first built a 1.4 gigawatt gas turbine generator set, then added 4.9 gigawatts of combined cycle power generation capacity. The South Korean government plans to report the project to the National Assembly on Monday. After completing the National Assembly's reporting and approval process, the first US investment project will be officially announced this month.

Zhitongcaijing · 3d ago
Korea Economic Daily quoted government sources who did not wish to be named as reporting that South Korea has selected a gas power plant project of about US$22.3 billion in the US state of Texas as the first project to be implemented under its US$350 billion investment plan in the US. South Korea and the US have finalized the final cost of the project of about 22.3 billion US dollars; the US side initially requested an investment of 25 billion US dollars, and the South Korean side initially considered the amount of 19.8 billion US dollars. The project is located in Encinar, Texas, with a total installed capacity of 6.3 gigawatts to meet the power requirements of the AI data center. The project first built a 1.4 gigawatt gas turbine generator set, then added 4.9 gigawatts of combined cycle power generation capacity. The South Korean government plans to report the project to the National Assembly on Monday. After completing the National Assembly's reporting and approval process, the first US investment project will be officially announced this month.