U.S. Secretary of the Interior Doug Burgum shakes hands with Japan’s Minister of Economy, Trade and Industry Ryosei Akazawa at IPEM 2026.
Secretary of the Interior and Chair of the National Energy Dominance Council Doug Burgum, along with Environmental Protection Agency Administrator Lee Zeldin, President and Chair of the U.S. Export-Import Bank John Jovanovic, NEDC Director Jarrod Agen, and U.S. Trade and Development Agency Deputy Director Thomas Hardy, convened Indo-Pacific leaders from 17 countries at the Indo-Pacific Energy Security Ministerial and Business Forum in Tokyo, Japan.
The conference announced historic investments in energy infrastructure, critical minerals and advanced technologies. One such announcement came from Terra Energy Center, which reached a $1 billion agreement in principle with Hyundai Heavy Industries Power Systems to provide large-scale coal power plant boilers for a new 1.25 GW project in Alaska, USA.
The announcement of a new coal power plant marks the first investment in new U.S. coal power in more than a decade, following the completion of the last major coal plant, Sandy Creek, a 932-megawatt facility in Texas.
Beyond backing from the U.S. government, Terra Energy’s new coal power plant received a $500 million equity investment commitment from KOREIT, one of Korea’s largest infrastructure private equity firms.
Source: www.coalage.com
