View or download the standard NBET Power Purchase Agreement template.
Provides the details of how NBET will pay for the duration the PPA is calculated.
Identifies all project related risks and allocates these risks to parties best able to bear them.
Provides conditions either NBET or the plant owner must satisfy before the PPA becomes effective.
A standard NBET PPA has a 20-year tenor with clauses for early termination due to default.
Includes EPC, GSA, GTA, O&M, LTSA, financing documents and other connected project documents.
Contains guidelines for plant testing and commissioning.
Contains maintenance and operational obligations of the Seller throughout the PPA tenor.
Indicates clear procedures for dispute and invoice conflict resolution.
Sets out metering rules. Where conflicts occur, the metering code supersedes PPA provisions.
Provides responsibilities for certain failures and indemnification to both parties.
States required insurance coverage and how proceeds will be administered.
Provides the methodology by which NBET nominates dispatch of Net Electrical Output.
Provides details of force majeure events and possible payments during such events.
These key provisions ensure that NBET PPAs promote bankability, transparency and efficient risk management for a sustainable power sector.
Interim arrangements that provide a transitional framework for power purchase prior to the execution of full PPAs.
The structured process followed by NBET to procure power through transparent and competitive procedures.
We are committed to environmental stewardship, social responsibility and good governance in all that we do.
Promoting cleaner energy and reducing environmental impact.
Empowering communities and supporting national development.
Upholding transparency, accountability and ethical leadership.
Nigeria Bulk Electricity Trading Plc is a wholly Federal Government of Nigeria owned company incorporated on July 29 2010 as part of the roadmap for power sector reform towards the full implementation of the Electric Power Sector Reform Act (EPSRA).
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