Fact-check · Sep 30, 2026 · Donald Trump
“Building over $22,000,000,000 gas fired power plant 6.5 gigawatts in Texas”
MISLEADING
What the record shows
South Korea is investing $22.3 billion in a 6.3-gigawatt gas plant in Encinal, Texas, as part of its $350 billion U.S. investment pledge. The project has not yet begun construction and awaits final U.S. approval.
Sources
- South Korea Follows Japan's Playbook With $22.3 Billion Texas Gas Bet
- Seoul eyes $22.3b Texas gas project as first under $350 US investment pact - The Korea Herald
- A giant Texas gas plant could draw billions from South Korea
- S. Korea picks Texas power plant as 1st U.S. investment project - UPI.com
- CPS Energy
- Seoul awaits US go-ahead for $22.3 billion Texas power project - The Korea Herald
From: President Trump Makes an Announcement with the Secretary of Commerce
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