Texas Announces Ninth Energy Fund Loan for 452 MW West Texas Natural Gas Plant
AUSTIN — Governor Greg Abbott announced on October 7 the ninth Texas Energy Fund (TxEF) loan, backing a 452-megawatt natural gas power plant in Reeves County with enough electricity to power approximately 110,000 Texas homes.
Developed by Pecos Power Plant LLC with co-sponsors Mercuria and Continental Resources, the project is set to begin generating power for the Electric Reliability Council of Texas (ERCOT) grid in 2027. PUCT Chairman Thomas Gleeson said the facility's quick-start capabilities will meet fluctuating demand and its design suits West Texas winters, adding dependable power for Texas families and businesses.
"Texas is the energy capital of the world because we build the power our economy needs," Abbott said. The eight projects already approved through the TxEF In-ERCOT Generation Loan Program represent 4,994 MW of new, reliable power for the grid. The program provides low-interest loans for projects adding new, reliable generation.
Sources: Office of the Texas Governor; Public Utility Commission of Texas
Published by GSM · USA (original Chinese edition)
Photo: 图：德州奥斯汀Sand Hill能源中心天然气发电厂（资料图）。摄影：Larry D. Moore，CC BY 4.0，来源：Wikimedia Commons
