AMG’s power sister company was established in 2011 with the aim to make strategic investments across the energy value chain and become a holding company for power assets. Within its first three years of existence, it conceived the opportunity, initiated the process, and together with its partners acquired one of Nigeria’s largest gas-fired power stations, in a competitive bidding process organized by the Federal Government of Nigeria (FGN). This asset is fast becoming one of the Nation’s best-performing power plants.
AMG was instrumental in supporting the consortium to success, having submitted the most financially and technically competitive bid. We are an active shareholder with a seat on the Board of Directors and a member of the Finance and General Purpose Committee. To this end, we have also established key business and working relationships with key power sector players over the years.
AMG’s strategic growth plan ensures that it aligns itself with Nigeria’s national strategy on power. We aim to become a consolidated power company with the ability to grow our business activities and build a portfolio of assets through strategic acquisitions, aligning our relationship with the Government, and forming local and international partnerships.