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Nigeria: Azura IPP nears financial close

With meetings and signings planned across London, several participants at the Africa Investment Exchange: Energy (AIX) meeting on 24-25 November had their eyes on the long-awaited financial close of the Azura-Edo independent power project (IPP). Azura’s success is crucial for the credibility of Nigeria’s efforts to bring private investment into the electricity supply industry. Azura is seen as a bellwether for the wider finance and developer communities, who are looking to a marked increase in privately financed IPPs and associated projects across the continent, including in the distribution sector, whose revenues are essential to underwrite the new generation companies.

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