5.8.07

Dallas investor signs power-supply deal in Ghana

A company owned by Dallas real estate mogul Gene Phillips has landed a $3 billion deal with the African country of Ghana to refurbish a barge to generate electricity for the power-starved nation.

Ghana has a severe electricity shortage brought on by rapid population growth and drought in north Africa. The drought has limited the country's ability to generate hydroelectric power.
By at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Ghana is back on track with investment opportunities - Veep woos foreign investors

Accra, June 6, GNA-Vice President Mahamudu Bawumia says Ghana's economic opportunities for private sector investors are back on track as...

  • Wa MCE relieved of his post
    President John Agyekum Kufuor has relieved the Wa Municipal Chief Executive (NCE), Mr M.A Banda of his position with immediate effect. Thi...
  • African Heads of State arrive for forum
    A number of African Heads of State have started arriving in Accra to attend the second conference of the "Partnership with Africa"...
  • State-Owned Media get new Boards
    The National Media Commission (NMC) has reconstituted the Board of Directors for State-Owned Media organisations in consultation with Presi...