body-container-line-1

GE Boss Meets Mahama  

By Daily Guide
Business & Finance GE Boss Meets Mahama
JAN 28, 2015 LISTEN

Global Chairman and Chief Executive Officer (CEO) of General Electric (GE), Jeff Immelt has disclosed that his outfit is fulfilling its promise of improving Ghana's energy and healthcare sectors.

The GE boss made this known at the Flagstaff House on Tuesday in Accra when he paid a courtesy call on President John Dramani Mahama.

The meeting was a follow up from the US-Africa Leaders' Summit in Washington D.C. in August 2014 where GE revealed its vision to make Ghana a major hub for its power business in Africa.

During the meeting at the Flagstaff House, Mr. Immelt reaffirmed GE's commitment to the implementation of the 'Ghana 1000' project which is expected to be inaugurated in the third quarter of 2016.

The Ghana 1000 power project, initiated by GE in conjunction with Endeavor Energy, Eranove (formerly Finagestion), Sage Petroleum and the Ghanaian government, was launched last year and it is expected to create Sub-Saharan Africa's largest integrated gas to power project.

The project, expected to be located in the Western Region, will comprise a Floating Storage Regasification Unit vessel to supply gas to the power plant, which is believed to be the first of its kind in Africa.

Ghana is currently facing energy crisis, which has negatively affected businesses and industries.

The project is expected to deliver about 1,000MW beginning 2017.

President Mahama, on his part, expressed profound appreciation to Mr. Immelt and GE for making significant investments in critical sectors of the Ghanaian economy.

He reiterated government's commitment to creating the enabling environment that will make Ghana the preferred destination for investment in Africa.

GE Ghana Country CEO, Leslie Nelson, who highlighted GE's contribution to the development of the country's economy, disclosed that company operates in critical sectors of the economy.

Apart from capacity building efforts in the oil and gas sector, Mr. Nelson hinted that GE had identified over 100 districts that would receive portable ultrasound equipment and offer training to 1,000 midwives across the country as a way of improving the nation's health sector.

GE is the world's leading technology and financial services company based in the U.S, with over $140 billion in annual revenue.

In Ghana, GE operates in the power & water, oil & gas and healthcare sectors and has boosted its operations by more than five-fold since 2010.

BY Melvin Tarlue

body-container-line