Azura-Edo Independent Power Project gets $80 million boost from the IFC

The World Bank through a member of her group, the Internationsl Finance Corporation (IFC), already signed an agreement to provide an $80 million debt facility to Azura Power West Africa limited, to finance the 450 Mega Watts gas-fired Azura-Edo Independent Power Project in Nigeria.

According to the IFC, "The project will help strengthen Nigeria gas to power value chain and deliver electricity to almost 14 million residential consumers in Nigeria" .

The International Finance Corporation, IFC, a member of the World Bank Group, yesterday, sign - See more at: http://www.vanguardngr.com/2014/12/ifc-provides-80m-facility-azura-edo-power-plant/#sthash.CUZwys3L.dpuf

The International Finance Corporation, IFC, a member of the World Bank Group, yesterday, signed an agreement to provide an $80 million debt facility, about N13.6 billion to Azura Power West Africa  Limited, to finance the 450  mega watts (MW) gas-fired Azura-Edo Independent Power Project in Nigeria.
The project, according to a statement by the IFC, will help strengthen Nigeria’s gas-to-power value chain and  deliver  electricity  to almost 14 million residential consumers in the country.
Giving a breakdown of the facility, IFC stated that it is providing $50 million, about N8.5 billion, in debt for its own account, and $30 million, about N5.1 billion of  subordinated  debt,  for a total of $80 million.
- See more at: http://www.vanguardngr.com/2014/12/ifc-provides-80m-facility-azura-edo-power-plant/#sthash.CUZwys3L.dpuf

The International Finance Corporation, IFC, a member of the World Bank Group, yesterday, signed an agreement to provide an $80 million debt facility, about N13.6 billion to Azura Power West Africa  Limited, to finance the 450  mega watts (MW) gas-fired Azura-Edo Independent Power Project in Nigeria.
The project, according to a statement by the IFC, will help strengthen Nigeria’s gas-to-power value chain and  deliver  electricity  to almost 14 million residential consumers in the country.
Giving a breakdown of the facility, IFC stated that it is providing $50 million, about N8.5 billion, in debt for its own account, and $30 million, about N5.1 billion of  subordinated  debt,  for a total of $80 million.
- See more at: http://www.vanguardngr.com/2014/12/ifc-provides-80m-facility-azura-edo-power-plant/#sthash.CUZwys3L.dpuf

The International Finance Corporation, IFC, a member of the World Bank Group, yesterday, signed an agreement to provide an $80 million debt facility, about N13.6 billion to Azura Power West Africa  Limited, to finance the 450  mega watts (MW) gas-fired Azura-Edo Independent Power Project in Nigeria.
The project, according to a statement by the IFC, will help strengthen Nigeria’s gas-to-power value chain and  deliver  electricity  to almost 14 million residential consumers in the country.
Giving a breakdown of the facility, IFC stated that it is providing $50 million, about N8.5 billion, in debt for its own account, and $30 million, about N5.1 billion of  subordinated  debt,  for a total of $80 million.
- See more at: http://www.vanguardngr.com/2014/12/ifc-provides-80m-facility-azura-edo-power-plant/#sthash.CUZwys3L.dpuf

The International Finance Corporation, IFC, a member of the World Bank Group, yesterday, signed an agreement to provide an $80 million debt facility, about N13.6 billion to Azura Power West Africa  Limited, to finance the 450  mega watts (MW) gas-fired Azura-Edo Independent Power Project in Nigeria.
The project, according to a statement by the IFC, will help strengthen Nigeria’s gas-to-power value chain and  deliver  electricity  to almost 14 million residential consumers in the country.
Giving a breakdown of the facility, IFC stated that it is providing $50 million, about N8.5 billion, in debt for its own account, and $30 million, about N5.1 billion of  subordinated  debt,  for a total of $80 million.
- See more at: http://www.vanguardngr.com/2014/12/ifc-provides-80m-facility-azura-edo-power-plant/#sthash.CUZwys3L.dpuf

The International Finance Corporation, IFC, a member of the World Bank Group, yesterday, signed an agreement to provide an $80 million debt facility, about N13.6 billion to Azura Power West Africa  Limited, to finance the 450  mega watts (MW) gas-fired Azura-Edo Independent Power Project in Nigeria.
The project, according to a statement by the IFC, will help strengthen Nigeria’s gas-to-power value chain and  deliver  electricity  to almost 14 million residential consumers in the country.
Giving a breakdown of the facility, IFC stated that it is providing $50 million, about N8.5 billion, in debt for its own account, and $30 million, about N5.1 billion of  subordinated  debt,  for a total of $80 million.
- See more at: http://www.vanguardngr.com/2014/12/ifc-provides-80m-facility-azura-edo-power-plant/#sthash.CUZwys3L.dpuf

The International Finance Corporation, IFC, a member of the World Bank Group, yesterday, signed an agreement to provide an $80 million debt facility, about N13.6 billion to Azura Power West Africa  Limited, to finance the 450  mega watts (MW) gas-fired Azura-Edo Independent Power Project in Nigeria.
The project, according to a statement by the IFC, will help strengthen Nigeria’s gas-to-power value chain and  deliver  electricity  to almost 14 million residential consumers in the country.
Giving a breakdown of the facility, IFC stated that it is providing $50 million, about N8.5 billion, in debt for its own account, and $30 million, about N5.1 billion of  subordinated  debt,  for a total of $80 million.
- See more at: http://www.vanguardngr.com/2014/12/ifc-provides-80m-facility-azura-edo-power-plant/#sthash.CUZwys3L.dpuf