Geregu Power Plc., the first listed power generating company on the Nigerian Exchange Limited , plans to increase the capacity of its power station in Ajaokuta in Kogi State to 1, 300Megawatts .
Also, Geregu Power Plc has taken a significant step to align with new standards, amid attainment of ISO 9001 and 14001 certifications from the Standard Organisation of Nigeria .At the AGM, the company’s shareholders approved the Board of Directors’ N20 billion dividend payout for 2023 financial year and the re-election of two directors retiring by rotation. It also authorised the directors to fix the members of the auditors.
He said: “Our financial results reflect not only our resilience in the face of a challenging economic environment, but also our commitment to continuous growth and value creation. “In 2024, Geregu Power aims to align our business operations with the global trend toward affordable, clean and efficient energy systems.
The achievements, according to him, positioned the company as a key player within the Nigerian Electricity Supply Industry and the West African power market.
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