Project
Azura-Edo Independent Power Plant
NigeriaPower Generation, Energy Infrastructure
461MW gas IPP, financial close December 2015, commercial operations since 2018 (ahead of schedule). Offtaker: Nigerian Bulk Electricity Trading Plc under a 20-year PPA. Nigeria's canonical World Bank PRG/MIGA-supported IPP transaction.
Status
OperationalStatus
Financial Close Achieved / Major Contracts Under DeliveryProcurement Status
Scale & Capacity
461 MWInstalled capacity (Phase 1)
Overview
- Location
- Benin City, Edo State, Nigeria
- Contract Term
- 20-year PPA with NBET
- Scale / Scope
- 461MW open-cycle gas IPP. Financial close December 2015; commercial operations since 2018 (ahead of schedule). Phase 1 of a planned three-phase, 1,500MW combined-cycle build — Phases 2-3 have no independently confirmed current procurement status and are not asserted as active. This is Nigeria's canonical World Bank Partial Risk Guarantee / MIGA-supported IPP structure; this PRG/MIGA support is stated only for Azura-Edo itself and is not generalised to any other Nigerian IPP in this master.
Participants & Roles
Offtaker / Revenue Counterparty
Sources
- MIGA / IFC official — Azura-Edo IPP guarantee case studyMultilateral / DFI
- Africa50 official — Azura-Edo investment profileMultilateral / DFI