Section 1: Establishment of the National Electric Power Authority.

(1) There shall be established an authority to be known as the National Electric Power Authority and it shall be within the power of that Authority as from the vesting date to develop and maintain an efficient, co-ordinated and economical system of electricity supply for all parts of the Federation or as the Authority may direct, and for this purpose
(a) to generate or acquire supply of electricity;
(b) to provide bulk supply of electricity for distribution within or outside Nigeria; and
(c) to provide supply of electricity for consumers in Nigeria and as may, from time to time, be authorised by the Authority.
(2) The Authority shall be a body corporate with perpetual succession and shall have power to hold land and all movable and immovable property vested in it by or under this Act, and may, subject to the provisions of this Act or any other law, grant, demise, alienate or otherwise dispose of the same.
(3) The Authority shall also have power to sue and be sued and to enter into contracts as may be necessary and to do all other things incidental or appertaining to its powers under this Act.
(4) The Public Officers Protection Act shall apply in relation to any action, prosecution or other proceedings in respect of any act, negligence or default done or committed by any officer, servant or agent of the Authority in his capacity as such officer, servant or agent as if the office of such person were an office in the public service of the Federation within the meaning of the Constitution of the Federal Republic of Nigeria.