Azura facts and dates – guide for Nigerians

Within the previous days, a lot of media retailers have printed articles mentioning the Azura-Edo IPP. Because the details and dates cited therein are ceaselessly incorrect or deceptive, we thought it may be useful to situation a short information to the venture’s chronology and present operational standing as follows:

Key Milestones from Inception to Date

Azura’s development efficiency

The Azura-Edo IPP was constructed by a consortium composed of Siemens and Julius Berger Plc in precisely 28 months. Its completion occurred eight months forward of its 36-month development schedule under-budget and with out a single lost-time harm.

Because of this best-in-class development efficiency, the Azura-Edo IPP has grow to be a efficiency benchmark for different large-scale infrastructure initiatives throughout the African continent.

Azura’s operational efficiency

The plant was commissioned within the first quarter of 2018 and attained full industrial operations on 1 Might 2018.

Since then, the plant’s operational efficiency has been amongst the very best of any new-build plant anyplace within the phrase. Its availability charge, to this point, has exceeded 94% and its equal compelled outage charge has been decrease than 1%.

The plant can also be Nigeria’s most closely dispatched plant with dispatch charges averaging almost 90% over the last 4 quarters. In  different phrases, every  of  the  plant’s  three  generators  are  always  in operation and producing energy at near their most capability.

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The Transmission Company of Nigeria (TCN) additionally depends closely on the plant’s PFI functionality to stabilise the grid always.

In consequence, through the 4 years since we reached industrial operations, the Azura-Edo IPP has supplied greater than 9% of all the ability despatched to the nationwide grid.

Our efficiency – hour by hour – may be considered on-line, on a regular basis, by most of the people by means of our web site and by way of our Internet App at https://tinyurl.com/azurapower. Azura’s Investor Base

Azura’s investor base

The bulk and controlling shareholder in Azura is Actis LLP, a specialist rising markets development capital investor headquartered in London. Since inception, Actis has raised $15 billion from world traders, of which greater than $3 billion has been deployed in Africa throughout 19 nations. Actis has a specialist workforce investing and
working within the energy sector in its world markets, which has dedicated $5 billion to power investments throughout greater than 25 nations.

Actis’ energy sector investments account for round 20GW of electrical energy producing and distribution capability delivered to over 88 million prospects worldwide.

Azura’s debt finance is supplied by a consortium comprising sixteen banks, of whom the bulk are sovereign growth finance establishments (“DFIs”), as proven within the desk under:

The contractual construction of the Azura-Edo IPP can also be supported by two World Financial institution Partial Danger Ensures; and World Financial institution MIGA insurance coverage cowl.

Signed:
The Administration of Azura Energy West Africa Ltd