South Korea, US agree on $22 billion deal for 6.3 GW Texas gas power plant — Encinal facility to feed AI data centers under Washington and Seoul's $350 billion pact
South Korea reportedly plans $22.3 billion for a 6.3 GW Texas gas plant, though officials say negotiations remain unresolved
South Korea and the United States have reportedly agreed on a $22.3 billion investment for a 6.3 GW gas power plant in Encinal, Texas. The facility would be used to supply electricity to AI data centers in the region. The proposed deal is part of a broader $350 billion economic pact signed between Seoul and Washington in 2025, under which South Korea is committed to investing heavily in U.S. projects in exchange for favorable trade terms.
However, South Korea's Industry Ministry has stated that the recent media reports regarding the Texas deal are not accurate, citing ongoing official discussions with Washington. Until these discussions conclude and domestic steps are taken, such as legislative approval, no exact numbers can be confirmed. The scale of the proposed plant would make it the second most powerful facility of its kind globally, should the project proceed as reported.
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