Nigeria: Actis and Amaya launch 3GW venture

Issue 335 - 24 Nov 2016 | 3 minute read

Private equity firms Actis and Amaya Capital are launching a new investment company with equity capital of $500m divided between them to develop up to 3GW of baseload gas and hydroelectric power in Africa. The deal confirms that Actis is re-emerging as a more proactive developer following the transfer last year of its equity in generation company Globeleq to development finance institution investors Norfund and CDC Group. In the first stage of the transaction, Amaya Actis has closed the purchase of American Capital Energy and Infrastructure (ACEI)’s 43.5% holding in Azura Power Holdings Ltd (APH).

Tagged with:

Pin Power

Pin Nigeria

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map