General Electric (NYSE: GE) is interested in making an investment in Ghana's power generation sector by planning a 1,000 MW power plant, perhaps in a public-private partnership with the Ghanaian government.
According to the report, GE Africa's president and CEO recently met with Ghana's Energy and Petroleum Minister Emmanuel Kofi Buah.
The plant would help increase power generation in the country, which is plagued with frequent power shortages. Ghana's government has set a goal of building 5 GW of new power generation by the end of 2016.
According to reports, GE is interested in the opportunities in Ghana's power sector. GE's involvement could also bring in other investors in an effort to lead a public-private partnership in Ghana's energy sector.