JOHANNESBURG, SOUTH AFRICA–(EMWNews – 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.

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