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Nigeria - Power Sector Privatization Program - Appraisal Report

The Partial Risk Guarantee Program in Support of the Power Sector Privatization aims to increase electricity generation in Nigeria by catalysing private sector investment and commercial financing in Nigeria’s power sector through the provision of Partial Risk Guarantees (PRGs).The ADF PRGs will mitigate the risk of the Nigeria Bulk Electricity Trading Plc( NBET), a Federal Government of Nigeria (FGN) entity established to purchase electricity from independent power producers (IPPs), not fulfilling its contractual obligations under its power purchase agreements (PPAs) with selected IPPs. The AD…

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    from https://www.afdb.org/sites/default/files/documents/projects-and-operations/nigeria_-_power_sector_privatization_program_-_appraisal_report.pdf