GEREGU POWER PLC

Geregu Power Plc is a leading Nigerian electric power generation company that plays a crucial role in the nation's energy supply. The company's origins trace back to the Nigerian government's power sector reform efforts, stemming from the unbundling of the National Electric Power Authority and subsequently the Power Holding Company of Nigeria. Incorporated in November 2006, the Geregu Power Plant, constructed by the Federal Government, began commercial operations in March 2007 with an initial installed capacity of 414 megawatts. On November 1, 2013, Amperion Power Distribution Limited acquired the power plant from the Nigerian government, and through subsequent investments, including a major overhaul in 2016, the plant's capacity increased to its current 435 megawatts. Geregu Power's core business involves the generation of electricity using a gas-fired thermal power plant located in Itobe, Ajaokuta, Kogi State. The plant operates three simple cycle natural gas-fired Siemens turbines, which collectively deliver power to the national grid. The company supplies this generated electricity to the Transmission Company of Nigeria (TCN) for onward distribution across Nigeria, and specifically sells electric power to the Nigerian Bulk Electricity Trading PLC (NBET). With its substantial installed capacity, Geregu Power consistently contributes a significant portion, averaging 10%, of Nigeria's total power generation, supporting economic growth throughout the country. The company operates exclusively within Nigeria, serving the nation's electricity needs. No major subsidiaries or distinct business divisions are publicly identified for Geregu Power Plc.