Vistra Triples Permian Basin Power Plant Capacity to Meet Growing Demand
Vistra Corp. has announced a significant expansion of its Permian Basin Power Plant, aiming to meet growing power demands in West Texas. The project, set to triple the site's current capacity, faces political risks and a lack of deal closure, according to a recent downgrade by Jefferies.
The expansion, expected to begin power delivery in late 2027 and reach full capacity by 2032, will add two new natural gas power units, totaling 865 MW. This will bring the plant's capacity from 325 MW to 1,185 MW. Vistra's decision to expand is driven by increasing customer demand, particularly from industries like chip manufacturing and data centers.
Vistra has secured a 20-year power purchase agreement with a large, investment-grade company for 1,200 MW of carbon-free power from the Comanche Peak Nuclear Power Plant. Additionally, the company has received permission to extend the operation of Comanche Peak until 2053.
Vistra's expansion at the Permian Basin Power Plant is a strategic move to meet the growing power needs in West Texas. Despite Jefferies' downgrade due to political risks and the lack of a deal, the project is set to significantly increase the plant's capacity and provide carbon-free power through the Comanche Peak Nuclear Power Plant.
