Our Mandate

NBET purchases electricity from the Generating Companies through Power Purchase Agreements (PPAs) and resells to the Distribution Companies through Vesting Contracts.The Generating Companies include the generation companies that were created from the unbundling of Power Holding Company of Nigeria (PHCN) - the former vertically integrated government owned monopoly provider of electricity in Nigeria, other generators that are government owned are the plants in the portfolio of the Niger Delta Power Holding Company (NDPHC) funder under the National Integrated Power Project (NIPP) initiative. Finally, there are the Independent Power Project (IPPs) and those owned by the Internal Oil Companies (IOCS): Shell and Agip.

NBET carries out the role of a “Pool” Administrator for the Nigerian Electricity Market, as it continues to conclude PPA’s in its deal pipelines; and expects to transition to full competitive procurement for electricity from all sources of fuel.

Our mandate includes:

  1. Putting in place an effective contracts based market that allocates risks effectively to parties responsible for them and in the best position to manage them.
  2. Implementing a competitive procurement process that provides appropriate value-discovery for capacity and energy prices

Lets Build Together

NBET is constantly seeking professionals to join its talented team who are driven by excellence to deliver positive solutions to the Nigerian Power sector.