Korea-US Energy Deal Unveils $22.3 Billion Power Plant and Nuclear Framework

The Korea-US investment commitment signed in November 2025 has yielded its first three projects. A $22.3 billion Texas gas-fired power plant, a framework for eight nuclear reactors, and a review of an Alaska LNG project are all part of the $200 billion package.

Project Star is the name given to the Texas gas-fired power plant, which will supply electricity directly to AI data centers. The plant's initial 1,952-megawatt gas turbine phase is scheduled for commercial operation in 2029, with full-capacity operations expected in 2032.

The framework for eight nuclear reactors involves two Korean-designed APR1400 reactors and six Westinghouse AP1000 reactors. Korea could provide up to $10 billion by the end of this year to order long-lead equipment for the reactors.

The Alaska LNG project, also known as Project North, will undergo a review of its commercial reasonableness and legal requirements before proceeding. Seoul said it will decide whether to proceed only after those conditions are met.