Geregu Power PLC traded at 1,027.40 this Monday February 23rd, decreasing 114.10 or 10.00 percent since the previous trading session. Looking back, over the last four weeks, Geregu Power lost 10.00 percent. Over the last 12 months, its price fell by 10.66 percent. Looking ahead, we forecast Geregu Power PLC to be priced at 1,120.04 by the end of this quarter and at 1,058.05 in one year, according to Trading Economics global macro models projections and analysts expectations.
Geregu Power PLC is a Nigeria-based power generation company. The Company is principally engaged in the business of electric power generation and sale of electric power through the National Grid of the Transmission Company of Nigeria (TCN) to the Nigerian Bulk Electricity Trading PLC (NBET). The power plant consists of three simple cycle natural gas-fired SIEMENS V94.2 STG5-2000E gas turbine (GT) generator units with an approximately 435 megawatt (MW) installed capacity. The turbine units are GT11, GT12, and GT13; each is designed to produce 145 MW at 15.75 kilovolt-amperes (KV), stepped up to 330KV through a 173.6 megavolt-amperes (MVA) Power Transformer and generates on average 10% of Nigeria’s power. The Company’s plant operation is at Itobe - Ajaokuta Expressway, Ajaokuta, Kogi State. The Company is owned and operated by Amperion Power Distribution Company Limited.