B · Normal
[The South Korean government said its first investment project in the United States is the Texas natural gas power plant] On September 22, South Korea’s Minister of Industry, Trade and Energy Kim Jung-kwan stated on the 22nd that South Korea has selected the gas-fired combined cycle power plant construction project in Encinal, Texas, as South Korea’s first strategic investment project in the United States. This project is the first confirmed project in South Korea’s $350 billion investment plan committed to the United States. Officials say the Encinal project is designed to meet Texas' growing power needs. Currently, local semiconductor factories and artificial intelligence (AI) data centers are expanding rapidly. Sources said that the second and third projects planned by the South Korean government are to build eight large nuclear reactors in the United States and to develop a liquefied natural gas project in Alaska. Regarding large-scale nuclear power plant construction projects, South Korea’s Ministry of Industry, Trade and Energy stated that the government is negotiating with the United States on South Korea’s acquisition of 5 to 10% of Westinghouse Electric’s shares.
Global market intelligence 🕐 2026-09-22 16:38

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