Published 2026-08-31
ePointZero, the energy infrastructure arm of Abu Dhabi’s 2PointZero Group, announced on 2026-08-31 that it will acquire a 90% stake in Azura Power Holdings Limited, a pan-African independent power producer with 752 MW of operating capacity across Nigeria, Senegal and Mozambique and a development pipeline of more than 1.5 GW in gas, renewables and battery storage. Amaya Capital, the founders of Azura Power, retain the remaining 10%. The deal value was not disclosed, and closing is subject to customary regulatory approvals. This article sets out the facts of the transaction, who stands behind it, and what the deal says about the scale of Abu Dhabi capital for anyone building a business or holding structure in the UAE.
What was announced
On 2026-08-31 ePointZero, a subsidiary of the Abu Dhabi-headquartered 2PointZero Group, and Azura Power Holdings Limited announced an agreement under which ePointZero acquires 90% of the London-based power producer. The transaction marks ePointZero’s entry into African power generation and hands it an established operating platform with existing management, revenue-generating assets and immediate scale, rather than a greenfield project that would take years to reach commercial operation.
Azura Power is one of the recognised names in African independent power. Its flagship project, the Azura-Edo IPP in Nigeria, was among the first large project-financed power plants in the country and became a template for later private generation deals in the region. Amaya Capital, the investment firm that founded and built Azura, stays in the structure with a 10% minority interest, which keeps the original sponsors aligned with the new majority owner through the growth phase.
The deal in numbers
| Parameter | Detail |
|---|---|
| Buyer | ePointZero, subsidiary of 2PointZero Group, Abu Dhabi |
| Target | Azura Power Holdings Limited, pan-African IPP headquartered in London |
| Stake acquired | 90%, with Amaya Capital retaining 10% |
| Operating capacity | 752 MW across three assets |
| Azura-Edo IPP, Nigeria | 461 MW |
| Tobene Power, Senegal | 116 MW |
| CTRG, Mozambique | 175 MW |
| Development pipeline | More than 1.5 GW in gas, renewables and battery energy storage (BESS) |
| Deal value | Not disclosed |
| Closing | Subject to customary regulatory approvals and closing conditions |
The 752 MW portfolio is fully operational, spread across three countries and three different power markets, which reduces single-country risk. The pipeline of more than 1.5 GW is larger than the operating base itself, so the acquisition is priced not only on today’s cash flows but on the platform’s ability to more than triple its capacity in the coming years.
Who is behind the deal: 2PointZero and the IHC ecosystem
2PointZero is one of the youngest large holding companies in Abu Dhabi and part of the ecosystem of International Holding Company (IHC), the emirate’s largest listed conglomerate. IHC launched 2PointZero in January 2024 as a next-generation holding company with an expected asset base above AED 100 billion. In December 2025 the group was consolidated with Multiply Group and Ghitha Holding into the enlarged 2PointZero Group, chaired by Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, and reported a net profit of AED 3.43 billion for 2025, its first year after the merger.
Commenting on the acquisition, the chairman framed it in infrastructure terms: reliable power is fundamental to economic growth, industrial development and long-term prosperity. Mariam Almheiri, vice chair and managing director of 2PointZero, described the strategy as building platforms that create long-term value in critical infrastructure, and ePointZero CEO Mohamed Hesham called the deal disciplined execution with significant growth optionality. Azura Power Group CEO Dave Peacock said the transaction positions the company for accelerated growth under the new ownership.
A pattern, not a one-off: UAE capital buys global infrastructure
The Azura transaction fits a clearly visible pattern. Abu Dhabi and Dubai groups, from sovereign investors such as ADQ and Mubadala to operating champions like Masdar in renewable energy, DP World in ports and logistics and AD Ports Group in maritime infrastructure, have spent the past decade assembling portfolios of hard assets far beyond the Gulf. Africa has become one of the priority destinations for that capital: power generation, ports, agriculture and mining across the continent have all seen Emirati buyers in recent years.
For the UAE the logic is strategic as well as financial. Infrastructure assets generate long-term contracted cash flows in growing markets, and they anchor trade and investment corridors that route through Dubai and Abu Dhabi. For the target markets the attraction is capital that can move quickly at a scale few private investors can match. A comparable signal on the domestic side came earlier this year when TAQA’s majority shareholder moved to consolidate the utility, which we covered in our note on the TAQA delisting from ADX.
What this means for businesses looking at the UAE
A deal like this is worth reading closely even if you are not in the power sector, because it shows how the UAE works as a base for cross-border ownership. The acquiring structure sits in Abu Dhabi, the target is a London-headquartered holding, the assets operate in Nigeria, Senegal and Mozambique, and the whole chain is managed from the Emirates. That is exactly the role the UAE has built for itself: a jurisdiction where international holding structures, treasury and management functions are concentrated, supported by more than 140 double tax treaties, 100% foreign ownership and a 9% corporate tax regime with a 0% rate available on qualifying free zone income.
Mid-sized businesses use the same playbook at their own scale. A trading group with operations in Africa or South Asia can hold subsidiaries, contracts and banking through a UAE company; an investor consolidating assets in several countries can use an Emirati holding as the ownership hub. The infrastructure that serves the AED 100 billion groups, from banks that understand multi-country structures to free zones designed for holdings, serves smaller international owners just as well.
Checklist: using the UAE as a base for international assets
- Define the role of the UAE entity: holding, headquarters, treasury, trading or a combination.
- Choose the jurisdiction inside the UAE: mainland, a financial centre such as ADGM or DIFC, or a free zone suited to holding activities.
- Map the ownership chain against the UAE’s double tax treaty network before committing to a structure.
- Check economic substance and corporate tax treatment, including the conditions for the 0% qualifying free zone rate.
- Prepare shareholder, UBO and source-of-funds documentation for banking KYC in advance.
- Open the corporate account with a clear description of cross-border flows and counterparties.
- Plan residence visas for owners and key managers under the company’s quota.
How Atlant Capital can help
Atlant Capital sets up UAE companies for exactly this kind of cross-border ownership: holding and operating structures in free zones and on the mainland, with the activity set, substance and documentation designed around the client’s asset map. We handle company setup end to end and take the structure through bank account opening, which for multi-country holdings is the step that decides whether the structure actually works. If you are consolidating international assets and considering the UAE as the hub, we can map your ownership chain onto the right licence, zone and bank before you commit.
Conclusion
ePointZero’s acquisition of 90% of Azura Power, announced on 2026-08-31, gives Abu Dhabi a controlling position in a pan-African power platform with 752 MW in operation across Nigeria, Senegal and Mozambique and more than 1.5 GW in development. Behind the buyer stands 2PointZero Group, an IHC ecosystem holding launched in January 2024 with an expected asset base above AED 100 billion and a 2025 net profit of AED 3.43 billion. The deal is another data point in a consistent trend: UAE capital is buying operating infrastructure across the world, and the ownership structures behind those assets are increasingly domiciled in the Emirates. For international business owners, that is the practical takeaway, and the same holding infrastructure is open to companies far smaller than 2PointZero.
FAQ
Who is buying Azura Power and what exactly is the deal?
ePointZero, the energy subsidiary of Abu Dhabi’s 2PointZero Group, agreed on 2026-08-31 to acquire a 90% stake in Azura Power Holdings Limited, a London-headquartered pan-African independent power producer. Amaya Capital, Azura’s founders, retain 10%. The deal value was not disclosed and closing remains subject to customary regulatory approvals.
What assets does Azura Power own?
Azura Power operates 752 MW across three plants: the 461 MW Azura-Edo IPP in Nigeria, the 116 MW Tobene Power plant in Senegal and the 175 MW CTRG plant in Mozambique. On top of the operating base the company holds a development pipeline of more than 1.5 GW across gas, renewables and battery energy storage projects.
What is 2PointZero?
2PointZero is an Abu Dhabi holding company in the ecosystem of International Holding Company (IHC), launched in January 2024 with an expected asset base above AED 100 billion. In December 2025 it was consolidated with Multiply Group and Ghitha Holding into 2PointZero Group under the chairmanship of Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, and the enlarged group reported AED 3.43 billion in net profit for 2025.
Why do deals like this matter for a business considering the UAE?
Because they show the UAE operating as a global ownership hub: an Abu Dhabi holding acquiring a London-based company with assets in three African countries. The same framework, more than 140 double tax treaties, 100% foreign ownership, 9% corporate tax with a 0% qualifying free zone rate, and banks used to multi-country structures, is available to mid-sized international businesses that want to hold and manage foreign assets from the Emirates.
