ePointZero to Acquire Majority Stake in Pan-African Power Platform, Azura Power Holdings Limited
The deal gives ePointZero a 752 MW platform and a pipeline of more than 1.5 GW as Africa’s power demand rises, the companies said.
- On Monday, ePointZero announced it will acquire a 90% stake in Azura Power Holdings Limited, expanding its energy infrastructure platform across Africa's largest power markets.
- Founded by Amaya Capital in 2010, Azura Power operates 752 MW of capacity across Nigeria, Senegal, and Mozambique, generating around 10% of each country's grid baseload power.
- EPointZero, a subsidiary of 2PointZero Group, targets specialized infrastructure with resilient cash flows to address Africa's power deficit, where electricity access remains at roughly 55% per World Bank data.
- Azura Power maintains a development pipeline of more than 1.5GW, including gas, renewable, and BESS projects, which could more than double the platform's operational capacity in the coming years.
- Amaya Capital, the platform's founder, will retain a 10% minority interest as ePointZero acquires the stakes previously held by investment firms Actis and Africa50.
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Abu Dhabi firm acquires 90% stake in Azura to capture Africa’s power-hungry markets
ePointZero, an Abu Dhabi-based energy infrastructure platform, has agreed to acquire a 90 percent stake in Azura Power Holdings Ltd., read more Abu Dhabi firm acquires 90% stake in Azura to capture Africa’s power-hungry markets
Abu Dhab's ePointZero to acquire 90% stake in Africa focused Azura Power
Deal gives Two Point Zero subsidiary exposure to 752MW of operating power assets and more than 1.5GW of projects under development across Africa Abu Dhabi based ePointZero to acquire 90% stake
Beatrice Daily Sun
ePointZero to Acquire Majority Stake in Pan-African Power Platform, Azura Power Holdings Limited
The transaction marks ePointZero's entry into African power generation through a proven operating platform with immediate scale, resilient cash flows, and experienced management.
Phillip Ihenacho Sells 90% of Azura Power to ePointZero
Phillip Ihenacho is divesting a majority stake in Azura Power, selling 90% of the 752MW energy company to Abu Dhabi-based ePointZero. The post Phillip Ihenacho Sells 90% Stake in Azura Power to Abu Dhabi Firm appeared first on Business Elites Africa.
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