Copperbelt Energy Corporation PLC (LUSE:CEC) agreed to acquire 40% stake in North South Power Company Limited for $60 million on February 1, 2013. As of July 10, 2013, Copperbelt Energy entered into a shareholders agreement to acquire 40% stake in North South Power. The deal is expected to close on December 31, 2013.

In August 2013, CEC acquired 20% stake for $24.9 million. Bayo Odubeko, Arun Velusami, Chris Down, Peter Henley, Sade Peters, Ben Sealy, Nazli Okusluk, Anisha Diwan and Sharada Sunder of Norton Rose Fulbright LLP acted as legal advisors to Copperbelt Energy.