By Modupe Gbadeyanka Nigeria\u2019s leading indigenous energy group, Oando Plc, has announced the completion of a partial divestment of 49 percent of the voting rights in Oando\u2019s midstream business subsidiary, Oando Gas and Power Limited, to Glover Gas & Power B.V., a special purpose vehicle owned by Helios Investment Partners LLP, a premier Africa-focused private investment firm. The deal between Oando Plc, a company listed on both the Nigerian and Johannesburg Stock Exchange, and Helios is said to be worth $115.8 million. In a press statement issued on Tuesday, December 20, 2016, by Oando\u2019s Head of Corporate Communications, Mr Ainojie \u2018Alex\u2019 Irune, it was explained that \u201cthe partnership will firmly leverage OGP\u2019s local knowledge and expertise, alongside Helios\u2019s global network and financial capabilities to optimise our existing operations and expand our footprint.\u201d Quoting Oando Plc\u2019s Group Chief Executive, Mr Jubril Adewale Tinubu, the statement stressed that, \u201cThe commencement of this strategic partnership underlines Oando\u2019s status as the indigenous partner of choice for international firms in our industry, while also acknowledging the group\u2019s unwavering commitment to improving access to gas and power solutions for industries, consumers and commercial counterparties in the sub-region.\u201d Also, co-founder and Managing Partner of Helios Investment Partners, Mr Tope Lawani, noted that, \u201cThe completion of this transaction underscores Helios\u2019 commitment to investing in businesses that deliver energy access solutions to industries and consumers across the continent. \u201cWe look forward to working closely with the OGP management team and other industry stakeholders to consolidate the company\u2019s position as a premier provider of cost-effective and reliable gas and power infrastructure.\u201d OGP is the pioneer developer of Nigeria\u2019s foremost natural gas distribution network and has subsequently grown to become the largest private sector gas distributor in Nigeria, delivering at peak, 70 million standard cubic feet per day to over 175 industrial and commercial customers via a vast network of gas infrastructure. With over 260km in pipeline infrastructure built, OGP provides unique energy solutions primarily through its subsidiaries: Gaslink Nigeria Limited, Gas Network Services Limited, and Central Horizon Gas Company. In May, OGP announced the development of a revolutionary mini Liquefied Natural Gas (LNG) facility via its newly-created Transit Gas Nigeria Limited subsidiary in Ajaokuta, Kogi State. The pioneering 20 mmscf\/day liquefaction plant will aim to fulfil the gas supply requirements for captive power plants, embedded generation, and industrial clusters in the Northern region, as well as stranded customers in the South.