General Electric plans to construct a 1,200MW thermal power plant in Ghana in order to ease the country’s power shortage.
The power plant will become operational in the next five years; Reuters quoted GE chief executive Jeff Immelt as saying.
GE will also provide emergency power systems to the West African country this year in order to overcome the present power crisis.
This project, once operational, will be the largest in the country, and exceed production at the primary hydroelectric source at Akosombo.
Immelt said: "We stand ready to be a great partner for emergency power by the summer, and also we will invest and bring together some other investors to make this (thermal project) happen."
The project will be split into two phases. The first phase will comprise a 750MW plant that will run on liquefied natural gas and become operational by 2017. The second phase will see another plant becoming operational two years later.
Due to insufficient gas supplies to operate thermal plants and low water levels in hydroelectric reservoirs, the country has been facing severe power shortages and therefore, intends to cut down its dependence on crude oil for power facilities, reports the news agency.
Although the economy has been growing at a rapid pace due to exports of cocoa and gold, the development has been restricted due to power shortage.