Economy

Nigeria's Azura says raised $876 mln for 450MW Azura-Edo power plant

Date: Jan 21, 2016

Nigeria's Azura Power Holdings Ltd said on Thursday that it had raised $876 million for its power plant in the southwest of Africa's most populous nation and construction was set to commence.

Azura, along with its founder and majority shareholder Amaya Capital, said lenders for the independent power plant in Edo state included Siemens Bank, Standard Bank and the International Finance Corporation, an arm of the World Bank.

--reuters--

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