Geregu Power gets vote of confidence from GCR Ratings amid robust earnings

GCR Ratings (GCR) has reaffirmed the national long-term and short-term Issuer ratings of Nigeria-based Geregu Power Plc at A(NG) and A1(NG), revising its outlook to Stable.

The ratings agency cited the company’s strong earnings capacity and robust cash flows as the driving factors behind this affirmation.

Geregu Power Plc, a leading player in Nigeria’s power industry, operates a 435MW gas-fired power plant known as Geregu I.