New Africa50, Actis joint power investment to boost Nigeria’s electricity generation

NIGERIA – Africa50, the pan-African investment platform, has invested in the 461MW Azura Edo Independent Power Production in Nigeria. Actis is the majority shareholder in the Azura Power Company that is developing the Edo power project in Nigeria. Africa50, on the other hand, brings significant power generation experience having invested in several key infrastructure projects across the continent representing over 1,000MW of capacity. Raza Hasnani, Head of Infrastructure Investments at Africa50 said “We are excited to invest in a mission-critical asset within the Nigerian power market. We have a strong…

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Actis acquires Senegalese power plant, partners with Africa50 to revamp operations

electricity linkage to 250MW by 2021

SENEGAL – Actis, a leading investor in growth markets has through its subsidiary Azura entered into an energy deal in Senegal. The deal involves the acquisition of the 115MW Tobene Power plant in Senegal, which was part of the Melec Power Gen (“MPG”) portfolio. The plant will now form part of Azura Power’s pan-African power generation platform and will also bring together Actis, and Africa50. Actis and Africa50 during the announcement of the partnership to revamp operations at Tobene said that they are committed to work with stakeholders to complete…

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