 |
|
 |
 |
 Premium News Article
Thailand's Rainbow Power Consortium Proposes $2 Billion Investment in Response to Nigeria's Power Collapse
JOHANNESBURG--July 24, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Rainbow Power Limited (Bangkok, Thailand), a consortium made of companies Rainbow Energy Limited, PTT Public Company Limited (BAK:PTT) (Bangkok) and Transglobal Energy Funds (Singapore) has proposed a $2 billion investment, depending on federal government approval, into the power, gas, petrochemical and agriculture sectors of Nigeria. Rainbow Power Limited would benefit by being able to acquire 20% of Nigeria National Petroleum Corporation's (NNPC) (Abuja) shares in Brass LNG (Lagos), the Nigerian liquefied natural gas producer and supplier, as well as a minimum of 20% of Brass LNG's production to help provide for Thailand's gas needs. Currently NNPC holds 49% of Brass LNG, while ConocoPhillips (NYSE:COP) (Houston, Texas), ENI (NYSE:E) (Milan, Italy) and Total (NYSE:TOT) (Paris, France) hold 17% each.
Read the Complete Article >>>
Details on this Article:
Industry Segment: Power
Word Count: 443 Words
| Login or Register now for instant access! |
 |
Related Articles
Tucson Electric Begins Commercial Operation of New Expansion at Springervil...
Saudi Water Sector Requires $53 Billion of Investment By 2020
EPC Contractor Pre-selected for Largest Hydropower Project in Argentina
Sharp Partners with Enel and STMicroelectronics for Solar Cell Manufacturin...
Ireland's Bord Na Mona Plans 40-Megawatt Windfarm
|
|
|
 |
|
 |
|
|
This article is available for Premium Members only.
Subscribe Now! All Fields are Required...
Upgrade your Premium News Subscription to include all archived articles for only $160. Contact Member Services: 800-762-3361
All Members Receive the Following Free Resources:
North American Project & Gap Spending
North American Plant Analysis by Industry & Market Region
Market Maps & Stats - Capital & Maintenance Activity
Current & Historic Economic Indicators
30/60/90 Day Weather Forecast
|
© 2010 ALL RIGHTS RESERVED. Industrial Info Resources, Inc. - Sugar Land, TX - 800-762-3361