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NBET Interim Agreements
for Power Purchase

Interim arrangements that provide a transitional framework for power purchase prior to the execution of full Power Purchase Agreements.

Overview

NBET Interim Agreements for Power Purchase are short-term arrangements entered into between NBET and Generation Companies to facilitate the supply and purchase of electricity while final PPAs are being negotiated and executed.

Download Interim Agreement Template

Access the standard NBET Interim Agreement for Power Purchase.

Key Features

Transitional Framework

Provides a legal framework for power transactions before the execution of full PPAs.

Short-Term Duration

Designed for temporary use to ensure continuity of supply during negotiation periods.

Risk Mitigation

Allocates key risks between NBET and the generator to protect both parties.

Operational Continuity

Ensures uninterrupted electricity supply to Distribution Companies and end-users.

Flexible Terms

Contains simplified terms and conditions tailored to interim arrangements.

Pathway to PPA

Serves as a bridge to the execution of a long-term Power Purchase Agreement.

Typical Scope

Provides for purchase of electricity from the Generator to NBET.
Pricing and payment terms for the interim period.
Metering and settlement arrangements.
Operational and maintenance obligations of the Generator.
Force majeure and termination provisions.
Governing law and dispute resolution mechanism.

Important Note

These interim agreements are critical in supporting Nigeria’s power sector by ensuring a seamless transition from project development to long-term power supply through executed PPAs.

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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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NBET Interim Agreementsfor Power Purchase