State of Texas recently awarded its eighth Texas Energy Fund loan for 860 megawatts of new, reliable power in Ward County in Permian Basin of west Texas. That’s enough electricity to power approximately 215,000 Texas homes. Irving-based Vistra Corp. will build the project, which is comprised of two new natural gas units at its Permian Basin power plant. It will more than triple the site’s current capacity. The project is expected to begin generating power for the Electric Reliability Council of Texas in 2028.
Jim Burke, president and CEO of Vistra, said June 24, “Reliable power is foundational to Texas’ continued growth, and for decades Vistra has been investing in and growing our generation fleet to help meet rising demand. We appreciate the leadership of Governor (Greg) Abbott, Lieutenant Governor (Dan) Patrick, Speaker (Dustin) Burrows, the legislature, ERCOT, and the Public Utility Commission of Texas in advancing solutions that foster economic growth. This expansion of our Permian Basin power plant builds on existing infrastructure and makes efficient use of a proven site to support our state’s expanding energy needs.”
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