B · Normal
[South Korea selects a US$22 billion Texas natural gas power plant as its first investment project in the United States] On September 9, South Korea has identified a natural gas power generation project in Texas as its first investment project in the United States under the framework of the South Korea-US trade agreement reached last year. The move is expected to ease friction between South Korea and the United States over the past few months over Seoul's progress in fulfilling investment commitments. The project is located in Encinal, Texas, with an investment of approximately US$22 billion. The total installed capacity will reach 6.3 GW. It is planned to first build 1.4 GW gas turbine power generation facilities, and then add 4.9 GW combined cycle power generation units. The project is designed to meet the rapidly growing power needs of artificial intelligence data centers.
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