November 25th, 2014
Azura Power signs $890 million financing for the Azura-Edo IPP
The equity and loan financing documents for the Azura-Edo IPP have today been signed by Azura Power Holdings Ltd. The signing took place in London and was witnessed by senior government officials from the Federal Republic of Nigeria. The signing of the financing documents is a further milestone towards the beginning of construction work in January 2015.
Aldwych is the technical partner co-developing the project alongside lead developer Amaya Capital Partners, and will also provide technical services during the construction phase. Aldwych, supported by fund partner PAIDF II (Pan-African Infrastructure Development Fund II, managed by Harith Fund managers), will become an equity investor at financial close.
For further information, please see attached press release.