South Korea has chosen a $22 billion gas-fired power project in Encinal, Texas
as the first US investment under last year’s trade-agreement framework, YONHAP
and other Korean media report. Total capacity will be about 6.3 GW, beginning
with a 1.4 GW gas-turbine unit and followed by 4.9 GW of combined-cycle
capacity. The project is intended to help meet surging electricity demand from
AI data centers and could ease months-long strains in the US–South Korea
alliance over the pace of Seoul’s investment commitments.
