ePointZero , a subsidiary of the 2PointZero Group from the UAE, will acquire a 90 per cent stake in Azura Power , an IPP operating in Africa. Completion of the deal is subject to regulatory approval.

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Asia Pacific Nuclear Energy (APNE) 2026

Azura Power has a combined operating capacity of 752 MW, with an additional 1.5 GW of capacity under development. Azura Power operates facilities in Nigeria, Senegal and Mozambique.

Under the terms of the deal, ePointZero has partnered with Amaya Capital to establish an acquisition vehicle to buy out the respective stakes held by Actis and Africa50 in Azura Power. Amaya Capital will retain a 10 per cent stake.

Mohamed Hesham, CEO of ePointZero, said Azura Power brings several qualities the group looks for in an energy platform: critical operating assets, an experienced management team, and a strong position in markets with significant long-term power needs.