South Korea Weighs $22.3 Billion Texas Gas Power Project

According to The Korea Herald, South Korea is considering spending $22.3 billion on a natural gas power project in Texas, which would be the first investment under its $350 billion commitment to the United States. The proposed project in Encinal, Texas, would build a 6.3-gigawatt gas-fired power plant to help meet rising electricity demand driven by the rapid expansion of artificial intelligence data centers and advanced semiconductor facilities in the state.