Azura has taken a number of steps to de-risk the execution and operation of the project. These include the following:

  • Limiting the company’s exposure to major supply chain constraints or interruptions through its considered choice of site location and through the purchase of political risk insurance and contingent business interruption insurance.
  • Limiting its exposure to delays or deficiencies in construction by structuring agreements with its EPC contractor where a portion of the payments are retained until successful completion and through close involvement in the choice and management of the civil works contractor; and
  • Protecting its revenue stream through World Bank & MIGA payment guarantees, letters of credit and contract termination insurance.