Overview
- ePointZero announced Monday that it will acquire a 90% stake in Azura Power through a vehicle formed with Amaya Capital, with Amaya retaining a 10% minority interest and ePointZero buying the ownership held by Actis and Africa50; the transaction is public but still requires customary regulatory approvals and closing conditions.
- Azura currently operates about 752 megawatts of capacity across three plants — Azura‑Edo in Nigeria (461 MW), Tobene in Senegal (116 MW) and CTRG in Mozambique (175 MW) — assets that supply roughly 10% of grid baseload in each host country under long‑term power purchase agreements.
- The company has a development pipeline of more than 1.5 gigawatts of gas, renewable and battery projects that ePointZero says it will seek to accelerate to expand reliable generation across African markets.
- Azura has longstanding financing and partnership ties with major development finance institutions and runs community programs under its Power to Change initiative, links that investors say reduce project risk and support social benefits for host communities.
- The deal highlights growing Abu Dhabi private‑capital interest in African energy infrastructure and could speed new capacity for industrial growth, but final outcomes will depend on regulatory clearances, financing consents and the practical integration of Azura into ePointZero's wider Africa strategy.