12 results
- 22 Jan 2016
Azura Raises $876m for 450MW Azura-Edo Power Plant
Azura Power Holdings Ltd said yesterday it had raised $876 million for its power plant in the southwest of Africa's most populous nation and that construction was set to commence. Azura, along…
- 14 Oct 2014
NPDC, Seplat to Invest N32Bn on Azura Power Plant
The Nigerian Petroleum Development Company (NPDC) and Seplat Petroleum Development Company Plc Joint Venture will invest N32bn ($200m) on the Azura-Edo power plant, Mrs. Diezani Alison-Madueke, the…
- 5 May 2014
Azura Power Completes Signing $1Bn 450MW Gas Turbine IPP
Azura Power Holdings Limited has completed the signing of the key industry contracts and confirmation on the debt financing of its flagship 450MW Azura-Edo Independent Power Project (“Azura-Edo IPP”)…
- 20 Dec 2017
Azura Power’s First Turbine Connects To Grid
By peter oluka Wednesday, Azura Power’s first turbine was synchronized to the national grid and began producing electricity for distribution across the country. This is a red-letter day for the…
- 11 Oct 2014
President Jonathan Leads Azura-Edo IPP Ground Breaking, Foundation Laying Ceremony
Azura Power Holdings Ltd, on Friday, conducted the official groundbreaking and foundation laying ceremony at the Azura-Edo Independent Power Project (IPP) in Benin, Nigeria. The ceremony was…
- 2 Dec 2014
IFC to Provide $80M Debt Financing to Azura-Edo Investment
IFC, a member of the World Bank Group, signed agreements to provide $80 million of debt financing to Azura Power West Africa Limited, a 450 MW gas-fired independent power project in Nigeria (the…
- 11 Feb 2016
Siemens at Maiden Customer Forum Hints on Energy Long Term Plan
Siemens, one of the world’s largest producers of energy-efficient, resource-saving technologies, today hosted its inaugural Forum for Power and Gas Customers in Nigeria. The objectives of the forum…
- 28 May 2020
Umeh Urges FG to Further Explore Gas as Nigeria’s Future
Following the recent global plunge in oil prices primarily as a result of the Covid-19 pandemic, the CEO of a power generating company, Century Power Generation Ltd, Dr. Chukwueloka Umeh says there…
- 8 May 2014
FCMB Capital Supports Edo Gas Turbine Project with N24Bn
FCMB Capital Markets is to boost the construction of a pilot 450MW open cycle gas turbine power plant in Edo state with N24 billion facility. Speaking in Abuja at the official ground breaking and…
- 31 Jul 2014
Standard Chartered Bank to Dole Out $3Bn for Africa Power Projects
Standard Chartered, British bank, has pledged an additional $3bn to an initiative that aims to build power projects to improve electricity access in sub-Saharan Africa. The bank has put $2bn…
- 9 Apr 2019
MainOne, Facebook Invest $20m on Edo Fiber- Obaseki
Godwin Obaseki, governor, Edo State, has disclosed that MainOne and Facebook have invested $20m for the development of terrestrial fiber infrastructure in the state. Obaseki made the…
- 5 May 2013
Experts Say Steady Power Supply’ll Boost Economy
Economists have predicted that if Nigeria gets its public electricity grid working 24 hours, the nation would greatly reduce business costs by up to 40 percent and add up three percent to GDP. This…