South Korea Plans $19.8 Billion Investment in Texas Gas Power Project
South Korea is preparing to invest in a $19.8 billion gas-fired power project in Texas, marking its first major investment under a strategic US investment commitment. The project, located in Encinal, Texas, is expected to have a generation capacity of 6.4 gigawatts. Discussions between Seoul and Washington are ongoing, with South Korea planning to invest through an equity stake in a special-purpose vehicle. The project is part of a broader $350 billion US investment framework agreed upon last year, which includes significant contributions to shipbuilding and strategic projects. 
