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The World Bank signed partial risk guarantee (PRG) agreements on 24 August for the ground-breaking 450MW Azura-Edo scheme, whose successful close is expected to pave the way for further independent power projects (IPPs). Financial close is expected in the next few months.“This is a very important project for us, not as a deal but as a demonstration of how the Nigerian power sector needs to go forward. If you look at it, World Bank Group exposure to Azura-Edo is pretty significant.