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JERA Co. Inc. proposed a 500-megawatt LNG power plant for Oahu, potentially cutting electricity costs by 20%. Governor Josh Green announced the project following an agreement signed on Oct. 6.

The facility aims to provide more affordable energy, helping Hawaii transition away from oil. JERA estimates the plant could save the state $170 million annually on oil and generate approximately 1,100 construction jobs.

The project includes LNG supply infrastructure and could be operational by 2030, subject to regulatory approvals. The proposal is part of Hawaii's strategy to meet clean energy goals, with a law mandating 100% renewable energy by 2045.