American Capital Sinks $130M Into Nigeria Energy Firm

Law360, New York (December 5, 2013, 11:42 AM EST) -- The global energy infrastructure arm of private equity firm American Capital Ltd. said Thursday that it would invest up to $130 million in a private equity-backed Nigerian company that is building a 450-megawatt open-cycle gas turbine power station in the African nation.

American Capital Energy & Infrastructure will sink the money into Azura Power Holdings Ltd., backed by Mauritius-based Amaya Capital Partners, to fund the first and second phases of the Azura-Edo power project, a power station that represents the first phase of a 1,000-MW power...
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