The gas-fired power plant located in Edo State in Nigeria will supply electricity to several million people. The project required the implementation of a regulatory framework promoting private investment in the sector.
The Azura project is being developed jointly by Amaya Capital Ltd, a company with recognized expertise in the energy and gas sector in Nigeria, and Aldwych Ltd, an energy investment company mainly active in Africa.
PROPARCO’s loan will contribute to financing the construction and operation of a 459 MW simple cycle gas-fired power plant, located near Benin City in Edo State in Nigeria.
This project will supply electricity to 22 million people by significantly increasingly the available capacity in the country (by 13.5% in GWh). In addition, the structuring of the Azura project will contribute to the establishment of a regulatory framework conducive to private investment in this sector.