Nigeria’s foremost power generation solution provider – Geregu Power Plc has signed a Memorandum of Understanding (MoU) with Siemens Energy to expand generation capacity at the Geregu 1 Power Plant. A statement from the firm stated that the partnership is to ensure sustainable, resilient and efficient power generation while safeguarding assets longevity. The synergy is aimed at supporting the growth …

Geregu Power Plc, the first listed power company on the Nigerian Exchange Group, has generated N50.4 billion in revenue from electricity sales and capacity charges to Nigerians in the first quarter of 2024. This represents a significant increase of 225 per cent compared to the N14.2 billion earned in the first quarter of 2023. Geregu Power recorded a profit before …