Abu Dhabi Firm Moves to Acquire 90% of Azura Power

A major international investment is set to reshape ownership of one of Africa’s important private power-generation companies.

ePointZero, an Abu Dhabi-based energy infrastructure company and subsidiary of 2PointZero Group, has announced plans to acquire a 90% stake in Azura Power Holdings.

Azura operates power-generation assets in Nigeria, Senegal and Mozambique, with about 752 megawatts of operating capacity.

The transaction would bring Nigeria’s 461MW Azura-Edo power plant under new majority ownership.

The deal remains subject to regulatory approvals and other closing conditions.

Monafrika Take: The investment highlights the growing international interest in Africa’s electricity market, but Nigerians will ultimately want to see whether fresh capital improves power supply.