{"id":109293,"date":"2025-10-30T18:48:07","date_gmt":"2025-10-30T18:48:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/109293\/"},"modified":"2025-10-30T18:48:07","modified_gmt":"2025-10-30T18:48:07","slug":"texas-backs-permian-gas-power-plant-with-1-1-billion-loan-as-ai-demand-soars","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/109293\/","title":{"rendered":"Texas Backs Permian Gas Power Plant With $1.1 Billion Loan as AI Demand Soars"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Texas is backing a proposed Permian Basin power plant fueled by natural gas with a $1.1 billion low-interest loan, the largest such project under a state program aimed to shore up supplies after widespread blackouts in 2021. <\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\"><a href=\"https:\/\/www.bloomberg.com\/quote\/949257Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Competitive Power Ventures<\/a> will use the loan from the Texas Energy Fund to construct a 1,350-megawatt combined-cycle gas plant \u2014 among the more efficient types of fossil-fuel generation \u2014 in the Permian that\u2019s expected to start up by 2029, CPV said Thursday in a statement. That\u2019s enough to supply about 850,000 homes in West Texas, an emerging hub for data centers to run artificial intelligence. <\/p>\n","protected":false},"excerpt":{"rendered":"Texas is backing a proposed Permian Basin power plant fueled by natural gas with a $1.1 billion low-interest&hellip;\n","protected":false},"author":2,"featured_media":109294,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,19983,1568,21431,78500,78501,21432,53753,2518,111,139,69,45090,145,14920],"class_list":["post-109293","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-chief-executive-officer","tag-construction","tag-coterra-energy-inc","tag-devon-energy-corp","tag-diamondback-energy-inc","tag-ge-vernova-inc","tag-generic-1st-ng-future","tag-green","tag-new-zealand","tag-newzealand","tag-nz","tag-power-plants","tag-technology","tag-texas"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/109293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=109293"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/109293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/109294"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=109293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=109293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=109293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}