The Managing Director, Nigerian Bulk Electricity Trading Plc (NBET), Dr. Nnaemeka Ewolukwa has retired after eight years in service.
Mr Johnson Akinnawo has been named the new acting Managing Director.
Ewelukwa was appointed as the Managing Director/ Chief Executive Officer by President Muhammadu Buhari in 2020.
Prior to this appointment, he was the pioneer General Counsel & Company Secretary of the Nigerian Bulk Electricity Trading Plc (NBET), established by the Federal Government of Nigeria (FGN) as a bulk electricity trader in the nascent electricity market. He has been part of the executive management team at NBET since it commenced operations.
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Until his appointment, Johnson Akinnawo had over 25 years of progressive experience within world-class global multi-million dollars institutions in the Public, Private and multilateral development institutions. He currently heads the Origination, Contract Management & Administration Department of NBET. On this role he is responsible for the management of NBET’s contractual relationships with Generations Companies (GenCo’s), Distribution companies (DisCo’s), the Regulator (NERC), Market Operator (MO), System Operator (SO), and other stakeholders in the budding Nigerian Electricity Supply Industry (NESI). His responsibility also includes directing IPP planning and procurement activities through contract negotiations, managing portfolio risks and ensuring regulatory compliance
