South Korea is considering a $22.3 billion investment in a proposed 6.3-gigawatt gas-fired power plant in Encinal, Texas, government sources said Tuesday, positioning it as the first project under Seoul's broader $350 billion U.S. investment commitment. The plant is intended to serve accelerating electricity demand from AI data centers and advanced semiconductor facilities in Texas. Earlier accounts described a phased development beginning with a 1.4-gigawatt gas-turbine plant, followed by a 4.9-gigawatt combined-cycle facility after demand and commercial feasibility are assessed. The project has been reported at varying cost estimates, including $20 billion, $22 billion and $22.3 billion, while the location was previously rendered as Ensinal in one account. South Korea and the United States are also discussing cooperation involving up to eight large nuclear reactors. Specific terms for the Texas investment and nuclear framework remain unsettled, with projects subject to review through Korea-U.S. strategic investment committees before reporting to the National Assembly.