A gas-fired power plant in Midlothian. The state announced Friday that NRG will receive a loan under the Texas Energy Fund to build a new gas-fired power plant near Baytown. (Shelby Tauber for The Texas Tribune)
NRG Energy will receive a $562 million low-interest loan through a state fund intended to boost the construction of new natural gas power plants, Gov. Greg Abbott announced Friday. It’s the third and largest loan announced under the Texas Energy Fund.
The loan will allow the company to move forward with the construction of a 721 megawatt unit at their Cedar Bayou Generating Station near Baytown, according to a news release…