West Texas Grid Gets 860 MW Boost With Eighth Texas Energy Fund Loan
· Texas Border Business
Governor Greg Abbott announced the eighth Texas Energy Fund loan, providing 860 megawatts (MW) of new power in Ward County, sufficient to supply around 215,000 Texas homes. The project, led by Vistra, will add two natural gas units at the Permian Basin Power Plant, significantly increasing its capacity. Expected to begin operations in 2028, this initiative aims to enhance grid reliability in West Texas and support economic growth in the region. The loan is part of the TxEF's In-ERCOT Generation Loan Program, which offers low-interest loans for reliable power projects, with additional applications representing 4,030 MW of potential new power.
AI summary · Source: Texas Border Business →
