2PointZero Subsidiary Gains 90% of Azura Power

E Point Zero Holding Company, a subsidiary of Two Point Zero Group listed on the Abu Dhabi Securities Market, announced an agreement to acquire a majority stake of 90% in Azura Power Holding. The deal includes completing legal procedures and obtaining regulatory approvals. This move is part of the company's efforts to strengthen its investments in the energy and infrastructure sector. Currently, Azura Power manages an production capacity of 752 MW across three projects in Africa, with a future project portfolio exceeding 1.5 GW in renewable energy, conventional energy, and energy storage systems.

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