South Korea's Finance Minister Lee Hyung-il confirmed on Tuesday that South Korea has transferred 2.4 billion US dollars to Washington as part of funding for the Texas energy project agreed by the two countries under Seoul's investment initiative. When questioned by the South Korean National Assembly, Lee Hyung-il gave an affirmative response to lawmakers' questions about whether the transfer had been completed, confirming that about 10% of the estimated budget for the project had already been remitted to the US last Thursday. The gas combined cycle power project in Texas is planned to cost $22.3 billion to build a 6472 megawatt power plant with an installed capacity of 6472 megawatts to power AI data centers.
Zhitongcaijing · 2d ago
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South Korea's Finance Minister Lee Hyung-il confirmed on Tuesday that South Korea has transferred 2.4 billion US dollars to Washington as part of funding for the Texas energy project agreed by the two countries under Seoul's investment initiative. When questioned by the South Korean National Assembly, Lee Hyung-il gave an affirmative response to lawmakers' questions about whether the transfer had been completed, confirming that about 10% of the estimated budget for the project had already been remitted to the US last Thursday. The gas combined cycle power project in Texas is planned to cost $22.3 billion to build a 6472 megawatt power plant with an installed capacity of 6472 megawatts to power AI data centers.
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