Views: 381 Posts: 0 Started By: dudechainz Last Poster: dudechainz Last Post Date: Aug 22, 2016
August 22, 2016 ( Post 1 )

Blackstone and Dangote Industries today in Kano announced a commitment by Black Rhino, a portfolio company of Blackstone Energy Partners to jointly invest up to $10bn in energy infrastructure projects in the state and across south east Nigeria, with particular emphasis on renewable energy, transmission and pipeline infrastructure.

The chairman of Black Rhino Group and Emir of Kano, Malam Muhammadu Sanusi II, explained that the group and Dangote Industries would contribute $5bn each for the construction of a coal power plant and a solar energy project in Kano, as well as gas pipeline project from Akwa Ibon to South west Nigeria, where Dangote industries are concentrated.

Also speaking during a courtesy visit to the state governor, Dr. Abdullahi Umar Ganduje, the Emir explained that the consortium decided to embark on the power projects in Kano because of the power crisis in the state, explaining that the coal project and the solar energy project would produce about 1,000 MW and 100 MW respectively.

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