Dangote And Black Rhino To Invest $10bn For Power Projects In Kano, South East

Advertisement

Dangote Group of Companies and Black Rhino, an indigenous portfolio company of Blackstone Energy Partners, have announced plans to jointly invest up to $10 billion in energy infrastructure projects in Kano and South Eastern Nigeria.

Chairman of Black Rhino Group, Muhammadu Sanusi II, emir of Kano, disclosed that his group and Dangote Industries would contribute $5 billion each for the construction of a coal power plant and a solar energy project in Kano, as well as gas pipeline project from Akwa Ibom to be constructed to South West, where Dangote Industries were concentrated.

The projects are with particular emphasis on renewable energy, power transmission and building of pipelines.

The Emir said during a courtesy visit to the Kano state governor, Abdullahi Umar Ganduje, that the consortium decided to embark on the power projects in Kano because of the power crisis in the state.

The coal project and the solar energy project are expected to produce about 1,000mw and 100mw, respectively.

Also Read: Dangote Group Launches 8,000 Hectares Rice Production Scheme In Jigawa 



Emir Sanusi 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, Alhaji Aliko Dangote, also expressed optimism on the viability of the projects, assuring that it would improve power generation in the state and resuscitate industries to generate employment opportunities for the teeming youth as well as make the economy vibrant.

Dangote 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 those under the Dangote Group.

Kano state governor however, promised that the state government would provide land, among other things, to enable the project materialize, adding 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.

See Also: Forbes Rank Aliko Dangote 51st Richest Man In The World

Topics: