West Africa-focused principal investment firm Amaya Capital and Nigeria-based power development company Azura Power have reached a US$876 million financial close for the Azura-Edo Independent Power Project (IPP), a 450MW gas-fired open cycle power plant in Nigeria. The financing for the Azura-Edo IPP involved US$190 million in equity and US$686 million in debt from a consortium of local and international financiers. Azura is majority-owned by Amaya Capital and infrastructure fund manager American Capital Energy and Infrastructure. Other equity investors in the Azura-Edo IPP included infrastructure investment firm Africa Infrastructure Investment Managers (AIIM), London-based energy company Aldwych International and ARM-Harith Infrastructure Fund, a joint venture between fund managers Asset & Resource Management Company (ARM) and Harith General Partners.