Business News of Monday, 6 August 2007

Source: Dallas Business Journal

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.