Abu Dhabi's power play: 90% of Azura Power acquired
Abu Dhabi's TAQA-linked investors have taken a 90% stake in Azura Power, the gas plant that supplies a chunk of Nigeria's grid. Here's what the deal signals about who's really bankrolling Africa's energy infrastructure.
Azura Pic
- ePointZero buys 90% of Azura Power, gaining 752MW across Nigeria's Azura-Edo (461MW), Senegal's Tobene (116MW) and Mozambique's CTRG (175MW) plants
Abu Dhabi-based ePointZero is buying 90% of Azura Power Holdings, a power producer with 752MW of operating capacity across Nigeria, Senegal and Mozambique.
The deal was announced on 31 August 2026, but the companies have not disclosed how much ePointZero is paying. Azura's biggest asset is the 461MW Azura-Edo power plant in Nigeria. It also operates the 116MW Tobene power plant in Senegal and the 175MW CTRG plant in Mozambique. Together, the three plants give Azura 752MW of operating generation capacity.
Azura has more than 1.5GW in development
ePointZero is taking control of a 752MW African power portfolio, with another 1.5GW of projects in developmen
The company is also working on more than 1.5GW of additional power projects. These include an expansion of the Azura-Edo plant in Nigeria and a solar project in Katsina State. Azura also has projects under development in Senegal and Mozambique, covering gas-fired power and renewable energy. The acquisition therefore gives ePointZero control of Azura's existing plants as well as the projects it is developing.
Actis and Africa50 are selling their stakes
Azura was founded by Amaya Capital in 2010. Actis and Africa50 later became investors in the company. Under the transaction, ePointZero will acquire their interests through an acquisition vehicle established with Amaya Capital. Amaya will retain a 10% stake in Azura. The financial terms of the deal have not been released. The transaction still needs regulatory approvals and must meet other conditions before it can close. Once completed, ePointZero will control Azura's power plants in the three countries and its pipeline of more than 1.5GW of projects. The deal gives ePointZero a 752MW operating power portfolio in Africa, with more capacity potentially coming from the projects Azura is developing.
