Globeleq and Industrial Promotion Services (West Africa) announced on 22 February that they had reached financial close on the 253MW expansion of the Azito gas power plant. The plant currently has 460MW and following the expansion, known as phase IV, Azito will account for around 30% of the country’s installed capacity. Construction has begun and first power is expected this year. Azito Phase IV will add a 181MW gas turbine and 72MW steam turbine to the plant, operating in combined cycle.