Tuesday, 15 March 2016

Black Rhino and Dangote to invest in energy Infrastructure


 Dangote group of Companies and Black Rhino, an indigenous Black Stone Energy partners are to jointly invest up to $10 billion in energy infrastructure in Kano State and South East Nigeria.
  The project which lays particular emphasis on renewable energy,power transmission and building of pipelines. 
      The Emir of Kano,Muhammadu Sanusi II,who is also the Chairman of the Black Rhino Group disclosed that his group and Dangote industries are ready to contribute $5 billion each for the construction of a coal power plant and a solar energy in Kano, as wekk as gas pipeline project from Akwa Ibom to be constructed to South West, where Dangote Industries are more concentrated.
    The Emir who spoke during a courtesy visit to the State Governor ,Abdullahi Umar Ganduje, the Emir said the consortium decided to embark on the power projects in Kano because of the power crisis in the state. He disclosed further that thee coal project and the Solar energy project would produce about 1,000mw and 100mw respectively.
   The Emir expressed optimism that the projects would, to a large extent, improve electricity power generation in the state for both the consumption of residents and for the revival of the ailing industries in the state.
          Chairman Dangote Group, Aliko Dangote in his remarks at the occasion expressed optimism on the viability of the projects, assuring that it would improve power generation in the state and resuscitateand also make the economy vibrant industries to generate employment opportunities for the teeming youths. He said the gas project from the South East to Western Nigeria would extend to Ghana and would go a long way in addressing the energy needs of industries within the region particularly under the Dangote group.On his part, the state governor expressed hope that “the project would bail Kano State out of its prevailing economic depression and uplift the state to another level of economic prosperity and development.“Now that the national economy is dwindling, we have no better way to revive it than to invest in agriculture and resuscitate our industries.”He promised that the state government would provide land, among other things, to enable the project materialise.Stressing that power is very critical to the survival of industries in the state, he announced that the state was also making modest effort to provide electricity through the ongoing multi-billion naira Independent Power projects at Tiga and Challawa, which would generate 35mw of electricity.