South Korea, US agree on $22 billion deal for 6.3 GW Texas gas power plant — Encinal facility to feed AI data…
- South Korea could invest $22.3 billion in a massive Texas gas plant
- The proposed facility would generate 6.3 GW of electricity for AI
- Seoul says negotiations remain unfinished, leaving the reported investment unconfirmed
South Korea and the United States have reportedly settled on how much Seoul will contribute towards a new energy facility in southern Texas.
Korean outlet Edaily, citing unnamed officials and lawmakers, reported the contribution at close to $22.3 billion for the venture, which would be built in Encinal, Texas, and is expected to produce 6.3 gigawatts of electricity to power AI data centers once fully operational.
The contribution would mark Seoul's first American investment carried out under an economic arrangement the two nations signed in 2025 which saw South Korea commit $350 billion toward ventures inside the United States in exchange for friendlier duty terms on its exports.
A deal rooted in last year's pact
However...
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