South Korea and US in Talks Over $22 Billion Texas Gas Power Plant for AI Data Centers

Reports suggest South Korea may invest $22.3 billion to construct a 6.3 GW natural gas power plant in Encinal, Texas. The facility is intended to provide critical electricity for AI data centers, marking a significant potential project under a broader $350 billion economic pact between the two nations. While South Korean media outlets have highlighted the deal, the country's Industry Ministry has clarified that negotiations are ongoing and no final figures or agreements have been confirmed. If completed, the plant would rank among the largest and most expensive gas-fueled power stations globally. The project faces potential scrutiny regarding its impact on local infrastructure, water access, and the Texas electrical grid. Both Washington and Seoul have yet to finalize the financing structure, ownership stakes, or construction timelines, as official discussions continue to address the scale and feasibility of the massive energy venture.