Azura utilises its project development and financing skills, in addition to the capital and network of our lead sponsor, Amaya Capital, and our co-development partners, to develop large scale greenfield and brownfield, gas-fired Independent Power Plants in Nigeria.
We are currently assessing a number of opportunities across Nigeria based upon our assessment of the country’s electricity transmission and gas supply constraints.
Our first project, known as the Azura-Edo IPP, is a 450MW Open Cycle Gas Turbine power station which is the first phase of a 1,000MW power plant facility that we are developing near Benin City, in Edo State, Nigeria. We are developing this project with Aldwych International, African Infrastructure Investment Managers and ARM Investment Management, three pre-eminent Pan-African infrastructure firms with significant experience in the power industry, each of whom will also be equity partners in the project.
Azura's long term vision is to engage in power generation projects that will add over 3,000MW of power accounting for approximately 20% of Nigeria’s projected installed capacity by 2020.