The Prepaid Power Purchase Agreement is a specialized contract used in the Nigerian power sector when parties wish to establish a power supply arrangement based on advance payments. It is particularly relevant in scenarios where consumers seek reliable power supply while providers require payment security. The document incorporates requirements from the Nigerian Electricity Regulatory Commission (NERC), the Electric Power Sector Reform Act, and other relevant regulations. It typically includes detailed provisions for metering systems, payment mechanisms, power specifications, and operational procedures. This agreement type is commonly used for industrial and commercial consumers, independent power projects, and in situations where traditional post-paid arrangements may not be suitable due to credit risk or operational preferences. The prepaid structure helps manage payment risks while ensuring consistent power supply, making it particularly valuable in the Nigerian market where payment security is often a key consideration.
Prepaid Power Purchase Agreement for Nigeria
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Prepaid Power Purchase Agreement
"I need a Prepaid Power Purchase Agreement under Nigerian law for a manufacturing facility in Lagos, with a 5MW capacity requirement and minimum monthly prepayment terms, planned to commence operations in March 2025."
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
1. Parties: Identification of the power producer/seller and the purchaser/consumer
2. Background: Context of the agreement, including facility details and purpose of the arrangement
3. Definitions and Interpretation: Definitions of key terms and interpretation rules
4. Scope of Agreement: Overview of services, including power supply specifications and delivery points
5. Term and Effectiveness: Duration of the agreement, conditions precedent, and effective date
6. Prepayment System: Details of the prepayment mechanism, including minimum payments and top-up procedures
7. Metering and Billing: Specifications for metering equipment, reading procedures, and billing mechanisms
8. Tariffs and Charges: Pricing structure, including base tariffs, adjustments, and additional charges
9. Operating Procedures: Day-to-day operational requirements and protocols
10. Maintenance and Repairs: Responsibilities for system maintenance and repair procedures
11. Force Majeure: Events constituting force majeure and consequent rights and obligations
12. Default and Termination: Events of default, remedies, and termination procedures
13. Dispute Resolution: Procedures for resolving disputes between parties
14. Governing Law: Specification of Nigerian law as governing law and relevant jurisdictional matters
1. Equipment Installation: Required if the agreement includes installation of new metering or power equipment
2. System Testing: Include if regular testing procedures need to be specified
3. Environmental Compliance: Required if power generation involves environmental considerations
4. Insurance: Include if specific insurance requirements need to be detailed
5. Security Arrangements: Required if additional payment security or performance guarantees are needed
6. Change in Law: Include if regulatory changes could significantly impact the agreement
7. Assignment and Novation: Include if transfer rights need to be specifically addressed
8. Confidentiality: Required if sensitive commercial or technical information is involved
1. Technical Specifications: Detailed technical parameters of power supply and quality standards
2. Metering Specifications: Technical details of metering equipment and systems
3. Tariff Schedule: Detailed breakdown of tariffs, charges, and adjustment mechanisms
4. Operating Procedures Manual: Detailed procedures for day-to-day operations
5. Form of Payment Security: Template for any required payment security documents
6. Communication Protocols: Procedures for notices and communications between parties
7. Performance Standards: Specific performance metrics and standards
8. Site Description: Details of delivery points and relevant facility locations
Authors
Relevant legal definitions
Agreement
Applicable Law
Available Capacity
Billing Period
Business Day
Change in Law
Commercial Operations Date
Competent Authority
Connection Point
Contract Year
Credit Balance
Default Rate
Delivery Point
Dispatch Instructions
Distribution Network
Effective Date
Electricity
Emergency
Environmental Requirements
Event of Default
Facility
Force Majeure Event
Good Industry Practice
Governmental Authority
Grid
Grid Code
Initial Term
Interconnection Facilities
Invoice
Letter of Credit
Maintenance Schedule
Material Adverse Effect
Metering Equipment
Metering Point
Minimum Payment
NERC
Net Electrical Output
Operating Procedures
Parties
Payment Security
Performance Standards
Point of Supply
Power Purchase Rate
Prepayment
Prepayment Account
Prepayment System
Project
Prudent Operating Practice
Recharge Amount
Regulatory Requirements
Required Commercial Operations Date
Site
System Emergency
Take
Tariff
Technical Limits
Term
Top-up Amount
Total Consumption
Transmission System
Unit Price
Applicable Law
Available Capacity
Billing Period
Business Day
Change in Law
Commercial Operations Date
Competent Authority
Connection Point
Contract Year
Credit Balance
Default Rate
Delivery Point
Dispatch Instructions
Distribution Network
Effective Date
Electricity
Emergency
Environmental Requirements
Event of Default
Facility
Force Majeure Event
Good Industry Practice
Governmental Authority
Grid
Grid Code
Initial Term
Interconnection Facilities
Invoice
Letter of Credit
Maintenance Schedule
Material Adverse Effect
Metering Equipment
Metering Point
Minimum Payment
NERC
Net Electrical Output
Operating Procedures
Parties
Payment Security
Performance Standards
Point of Supply
Power Purchase Rate
Prepayment
Prepayment Account
Prepayment System
Project
Prudent Operating Practice
Recharge Amount
Regulatory Requirements
Required Commercial Operations Date
Site
System Emergency
Take
Tariff
Technical Limits
Term
Top-up Amount
Total Consumption
Transmission System
Unit Price
Clauses
Interpretation
Conditions Precedent
Term and Duration
Supply Obligations
Prepayment Requirements
Metering
Billing and Payments
Technical Specifications
Operating Standards
Maintenance
Force Majeure
Representations and Warranties
Regulatory Compliance
Environmental Compliance
Health and Safety
Insurance
Default
Termination
Liability and Indemnification
Dispute Resolution
Confidentiality
Assignment
Change in Law
Notices
Security
Performance Standards
Emergency Procedures
Testing and Commissioning
Records and Audit
Anti-corruption
Local Content
Governing Law
Boilerplate
Conditions Precedent
Term and Duration
Supply Obligations
Prepayment Requirements
Metering
Billing and Payments
Technical Specifications
Operating Standards
Maintenance
Force Majeure
Representations and Warranties
Regulatory Compliance
Environmental Compliance
Health and Safety
Insurance
Default
Termination
Liability and Indemnification
Dispute Resolution
Confidentiality
Assignment
Change in Law
Notices
Security
Performance Standards
Emergency Procedures
Testing and Commissioning
Records and Audit
Anti-corruption
Local Content
Governing Law
Boilerplate
Relevant Industries
Energy & Utilities
Manufacturing
Industrial Processing
Commercial Real Estate
Mining
Healthcare
Data Centers
Telecommunications
Retail
Hospitality
Relevant Teams
Legal
Operations
Commercial
Finance
Procurement
Regulatory Affairs
Risk Management
Technical Services
Project Management
Business Development
Compliance
Treasury
Relevant Roles
Energy Procurement Manager
Legal Counsel
Power Plant Manager
Commercial Director
Regulatory Compliance Officer
Operations Manager
Chief Financial Officer
Contract Manager
Technical Director
Risk Manager
Energy Trading Manager
Facility Manager
Business Development Director
Project Finance Manager
Find the exact document you need
Power Purchase Agreement Solar
A Nigerian law-governed agreement for the sale and purchase of solar-generated electricity, including technical specifications, pricing, and operational requirements.
find out more
Bilateral Power Purchase Agreement
A Nigerian law-governed agreement setting out terms for power sale and purchase between a generator and buyer, compliant with local power sector regulations.
find out more
Green Power Purchase Agreement
A Nigerian law-governed agreement for the sale and purchase of renewable energy, establishing commercial and technical terms between power producers and purchasers.
find out more
Virtual Power Purchase Agreement
A Nigerian-law governed financial contract for renewable energy procurement between a project developer and corporate buyer, structured as a virtual PPA with price hedge mechanisms.
find out more
Prepaid Power Purchase Agreement
Nigerian-law governed agreement for prepaid power purchase arrangements, establishing terms for power supply, payment, and operational procedures under NERC regulations.
find out more
Prepaid Solar Power Purchase Agreement
A Nigerian law-governed agreement for prepaid solar power services, covering installation, operation, and payment terms.
find out more
Corporate Power Purchase Agreement
Nigerian law-governed agreement for corporate electricity purchase from independent power producers, addressing key commercial and technical requirements under Nigerian regulations.
find out more
Power Purchase Contract
A Nigerian law-governed agreement establishing terms for electricity sale and purchase between power generators and buyers, compliant with local power sector regulations.
find out more
Power Offtake Agreement
A Nigerian law-governed agreement establishing terms for power sale and purchase between a generator and offtaker, compliant with NERC regulations.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.
.png)
.png)