Texas has approved a significant $1.1 billion loan for a proposed natural gas-fired power plant in the Permian Basin, marking the largest financial commitment under a state programme designed to secure the state’s energy future. The funding, provided at low interest rates, aims to address the rising demand for electricity driven by both industrial growth and the increasing need for energy to power emerging technologies, including artificial intelligence. The planned facility, which will utilise natural gas, is set to become a crucial part of Texas s energy infrastructure. The state has seen surging electricity needs driven by both...
Sunday 2 November 2025
wn.com - 2 days ago
Texas Supports Permian Gas Plant With $1.1 Billion Loan
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