Transaction

ePointZero to acquire a majority stake in Azura Power Holdings Limited

Announced

31 August 2026

Target

Azura Power Holdings Limited

Value

Undisclosed

Asset class

Private Equity, Infrastructure & Project Finance

Type

Merger/Acquisition(M&A), Exit

Instrument

Ordinary Shares (Equity)

Sector

Energy and power / Independent Power Producers

Markets

Nigeria, Senegal, Mozambique

About the target

Azura Power Holdings Ltd is an independent power producer (IPP) operating in Nigeria and Senegal. The company specializes in developing, financing, and operating gas-fired power plants, with its flagship project being the 461MW Azura-Edo IPP in Edo State, Nigeria. Azura Power contributes significantly to Nigeria's electricity grid, generating approximately 10% of the electricity supplied to the national grid. The company has attracted substantial investments, including an $890 million financing for the Azura-Edo IPP in 2014, and strategic partnerships such as Africa50's investment into Azura Power's operations in Nigeria and British International Investment's $30 million investment in 2022. Azura Power's focus on gas-fired power generation aligns with Nigeria's abundant natural gas resources and the country's rapid industrialization goals. The company's success in implementing the first privately project-financed IPP in Nigeria has established a model for future power sector investments in the country.