- Both parties plan to accelerate commercial transactions and investments in the sector.
The Nigerian Bulk Electricity Trading Plc (NBET) and Turkish agency Energy Exchange Istanbul (EXIST) are partnering to enhance Nigeria’s commercial transactions and revenue collections in the power sector. Both agencies plan to carry out this mandate through cutting-edge technologies with attendant investment inflows into the sector.
The Memorandum of Understanding (MoU) signed between the two agencies at EXIST’s campus in Maslak, Turkey, to boost cooperation and knowledge exchange between the two countries was designed to explore mutually beneficial opportunities for growth between NBET and EXIST.
The signing ceremony was witnessed by the Nigerian Minister of Finance and Chairman of NBET Board of Directors, Zainab Ahmed; Chief Executive Officer of NBET, Dr Nnaemeka Ewelukwa, and EXIST’s Chief Executive Officer, Ahmet Türkoglu.