Geregu Power Plc has issued a formal statement to address rumors circulating online regarding its capacity to fulfill bond repayment requirements. The company emphasized that its current leadership is conducting a thorough audit of all financial liabilities, operational commitments, and debt arrangements to ensure transparency and sound fiscal management.
Represented by its Company Secretary, The Structure HQ, the firm noted that it is actively communicating with regulators, investors, and stakeholders to resolve these financial matters. Leadership confirmed that negotiations are progressing in good faith to reach a solution that satisfies all parties involved.
The power plant operator, based in Kogi State, stressed that these administrative reviews will not hinder its primary objective of providing electricity to the national grid. The company reaffirmed its dedication to corporate governance and promised to keep the market informed of any significant updates in compliance with regulatory standards. Management thanked its stakeholders for their ongoing patience while the reconciliation process concludes.
