Nigeria targets 40,000MW generating capacity by 2020 and will need to spend approximately $10bn per annum on the power sector for the next 10 years to achieve this. In the post-privatized power sector, the Nigerian Bulk Electricity Trading PLC (NBET) purchases power generated by the GenCos and IPPs at agreed prices stated in Power Purchase Agreements (PPA) and resells to the DisCos who deliver the power to the end consumer