In Texas town where gas was dug, AI power plant... Why it became 1st major investment in the US
A 6,472-megawatt gas-fired power plant is being built in Ennisal, a small town in southern Texas, with a total investment of $22.3 billion. The power plant, known as 'Project Star', is a strategic investment by South Korea in the US and will supply electricity directly to a nearby artificial intelligence data center. The project, being developed by Related Companies and NextEra Energy, is expected to be completed in three stages, with the first stage starting in 2029.
The internal rate of return for the project is estimated to be around 15%, but this will depend on the terms of a power purchase agreement with the data center.
Written by urgent.news from Hankyoreh's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
