ePointZero, a global platform focused on specialized energy infrastructure and a subsidiary of 2PointZero Group, has agreed to acquire a 90% stake in African independent power producer Azura Power Holdings Limited, expanding its presence in the continent’s fast-growing energy market.

Under the transaction, ePointZero has partnered with Amaya Capital, Azura Power’s founding partner, to establish an acquisition vehicle that will purchase the respective stakes held by Actis and Africa50. Amaya Capital will retain a 10% minority interest in Azura Power. The transaction remains subject to customary regulatory approvals and closing conditions.

UAE capital targets Africa’s power market

HH Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, chairman of 2PointZero, said reliable power is fundamental to economic growth, industrial development and long-term prosperity, adding that the investment reflects the group’s commitment to critical infrastructure across Africa.

Mohamed Hesham, CEO of ePointZero, said Azura combines operating assets, an experienced management team and exposure to markets with significant long-term electricity needs.

He said the acquisition, alongside ePointZero’s strategic investment in Elsewedy Electric, will strengthen the platform’s energy and infrastructure capabilities and create opportunities across Africa’s evolving energy markets.

Dave Peacock, group CEO of Azura Power, described the deal as a significant milestone for the company, saying ePointZero’s investment demonstrates confidence in the platform and provides a foundation for further expansion.

Azura operates 752 MW across Africa

Founded in Abu Dhabi, ePointZero invests in specialized energy infrastructure, including pipelines, power generation and energy storage. The company focuses on assets that support baseload electricity, industrial development, electrification and rising demand from digital and industrial economies. Its parent, 2PointZero Group, is headquartered in the UAE and has positioned ePointZero across key energy corridors, industrial hubs and high-growth markets.

Azura Power, meanwhile, develops, finances, acquires and operates independent power plants across Africa. The company has 752 megawatts of operational capacity across three assets: Azura-Edo in Nigeria, with 461 MW; Tobene in Senegal, with 116 MW; and CTRG in Mozambique, with 175 MW.

The assets are supported by long-term power purchase agreements and are located in three of Africa’s major natural gas-producing markets. Azura also has a development pipeline exceeding 1.5 gigawatts, spanning gas, renewable energy and battery energy storage system projects.

The acquisition gives ePointZero a larger foothold in Africa’s power infrastructure market as electricity demand, industrialization and investment in reliable generation continue to reshape the continent’s energy sector.