Nigerian Electricity Regulatory Commission
Ministry of Energy and Natural Resources, Nigeria
These guidelines and the regulations cover procurement of new capacity by buyers who may be electricity distribution companies. Nigerian nuclear regulatory authority (NERC) sees this development as a key step in the evolution towards a fully competitive market. They do not provide guidelines or rules for the drafting of Power Purchase Agreements (PPAs). However, it is important that given the limited experience in drafting PPAs in Nigeria and indeed previous experience with poorly drafted PPAs (with a resultant adverse impact on the finances of the power sector) that there is a substantial element of standardization in the terms of the PPAs utilized. Therefore, Nigerian Nuclear Regulatory Authority will promote this standardization.
Process Flow
National Assembly ⬤
Office of the President ⬤
Nigerian Electricity Regulatory Commission Current Version
January 2022
These guidelines and the regulations cover procurement of new capacity by buyers who may be electricity distribution companies. Nigerian nuclear regulatory authority (NERC) sees this development as a key step in the evolution towards a fully competitive market. They do not provide guidelines or rules for the drafting of Power Purchase Agreements (PPAs). However, it is important that given the limited experience in drafting PPAs in Nigeria and indeed previous experience with poorly drafted PPAs (with a resultant adverse impact on the finances of the power sector) that there is a substantial element of standardization in the terms of the PPAs utilized. Therefore, Nigerian Nuclear Regulatory Authority will promote this standardization.
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