Blackstone Announces Two New Partnerships in Sub-Saharan Africa and Southeast Asia (Asia, Sub-Saharan Africa)

Source: The Blackstone Group

Global investment and advisory firm The Blackstone Group has announced that Black Rhino, a South Africa- and Senegal-based infrastructure development company backed by Blackstone Energy Partners and affiliated funds, will partner with West African industrial conglomerate Dangote Industries to jointly invest up to US$5 billion over the next five years in energy infrastructure projects across Sub-Saharan Africa. The partnership will focus on the development of power generation, transmission and pipeline assets. Separately, Blackstone also announced a commitment of up to US$800 million to Tamarind Energy, a newly-formed Malaysia-based company dedicated to growing production and reserves from producing oil and gas fields in Southeast Asia. Blackstone’s commitment to Tamarind Energy will also be made through Blackstone Energy Partners and affiliated funds.