Exxon Mobil Nigeria Sells Power Assets to Black Rhino Unit
Mobil Producing Nigeria, the local unit of Exxon Mobil, agreed “commercial terms” with Qua Iboe Power, for the sale of a power plant, gas and electricity transmission lines, Lagos-based co. says in emailed statement.
* Power plant to contribute 540MW to the national grid on completion;
* NOTE: Qua Iboe Power is a joint venture of Black Rhino, a unit of the Blackstone Group, and the Nigerian National Petroleum Corp. Source: Bloomberg