South Korea plans to finance a $22 billion gas-fired power plant in Texas under its U.S. investment agreement.

FinancialJuice, citing the Financial Times, reports that South Korea selected a Texas gas-fired power plant as the initial project under its U.S. investment agreement. A second message identifies the plant at $22 billion and connects the financing plan to South Korea’s $350 billion pledge.

The disclosed stage is project selection and planned financing. The messages do not establish financial close, funds disbursed, a binding lending facility, or construction commencement.

The project is an electricity-generation development, not disclosed data-center capacity. No generating capacity, operator, fuel-supply arrangement, financing conditions, completion date, or dedicated AI-compute customer is identified in the supplied text.