Azura utilises its project development, industry expertise and financing skills, in addition to the capital and network of its equity shareholders and other stakeholders, to develop businesses that provide electricity to people across Africa.
Azura-Edo, our first IPP project, is a 450MW open cycle gas turbine power station and the first phase of a 1,500+MW power plant facility near Benin City, in Edo State, Nigeria. We are developing this project with our joint equity partners, Aldwych International, African Infrastructure Investment Managers and ARM Investment Management, three pre-eminent Pan-African infrastructure firms with significant experience in the power industry.
Azura's vision is to deliver power projects that will provide electricity to the millions of people in Africa whether it be through large scale IPP projects like Azura-Edo or other sources of energy such as solar power. We are currently assessing a number of power related businesses in Nigeria and other markets in Africa based upon our assessment of the region's substantial fuel, transmission and distribution constraints.