Texas Combined-Cycle Gas Power Plant Pursued as First U.S. Investment Project
Texas combined-cycle gas power plant U.S. investment, first project with business viability of $22.3 billion Check the 20-year recovery plan and investment background, and take a look at the future negotiation flow as well
The government has decided to push ahead with the construction of the Encinal gas combinedcycle power plant in Texas, USA, as its first investment project in the United States. The Ministry of Trade, Industry and Energy and relevant ministries reported the progress to the National Assembly on the 22nd.
The government explained that it determined the project to be commercially viable. The total project cost is estimated at $22.3 billion, and it was reported to the National Assembly that principal and interest could be recovered over 20 years.
On the other hand, it stated that the construction of eight nuclear power plants in the United States and the Alaska liquefied natural gas (LNG) development project require further review. The government also reaffirmed its agreement to make largescale investments in strategic industries and the shipbuilding sector, in accordance with the tariff negotiations it concluded with the United States last year.