Nigeria

Africa50-Project Finance

Phase 1 of the 461MW open-cycle gas turbine plant was completed eight months ahead of schedule and commenced commercial operations in 2018.

Africa50's Role


Equity investment.

Environment

The plant provides a cleaner fuel alternative compared to diesel and draws from the country’s reserves of natural gas, a clean-burning transition fuel.

Partners


Actis and Amaya Capital

Development Impact

  • Azura-Edo provides relief to a sector that has suffered from insufficient generation capacity caused by widespread and regular power outages, forcing millions of people to rely on costly and polluting diesel generators for their power supply.
  • The plant provides power to an estimated 14 million people.

Environment

  • The plant provides a cleaner fuel alternative to diesel and draws from the country’s reserves of natural gas, a clean-burning transition fuel. In 2019, Azura-Edo avoided over 60,000 tons of CO2 emissions.

Employment

  • Azura-Edo and its various partners directly employed up to 1,000 people during the construction of the power station, with many jobs created in and around the communities as a result of more power being available to local businesses and government.
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