Geregu Power Plc has moved to calm investor concerns regarding reports questioning its ability to meet obligations linked to its bond financing arrangements.
The electricity generation company said it is actively engaging relevant stakeholders and professional advisers as it works towards resolving outstanding issues surrounding its repayment commitments.
In a statement issued on August 12, 2026, Geregu acknowledged the concerns raised by shareholders, regulators and other market participants following recent reports about its financial obligations.
Board Conducts Review of Financial Affairs
The company revealed that its current Board and Management have undertaken a detailed assessment of its financial and operational activities since taking responsibility for the business.
According to Geregu, the review covers a wide range of areas, including transactions, liabilities, financing structures, operational commitments, financial responsibilities and corporate documentation.
The company said the exercise is aimed at improving transparency, confirming the accuracy of its financial position and supporting stronger financial management practices.
Details of Bond Obligations Remain Undisclosed
While addressing the concerns, Geregu did not provide specific details about the bond obligation under discussion.
The company did not disclose the outstanding amount involved, the repayment schedule or the exact challenges currently being negotiated with stakeholders.
However, it assured investors that discussions are ongoing and that efforts are focused on achieving an orderly outcome that protects the interests of all parties involved.
Geregu Promises Responsible Engagement
The power company said it remains committed to meeting its responsibilities while maintaining open communication with stakeholders.
“Discussions and engagements are ongoing, and the Company will continue to act in good faith in fulfilling its responsibilities,” Geregu stated.
The company added that any significant developments would be communicated to the market in accordance with regulatory requirements.
Electricity Operations Remain a Priority
Despite the financial concerns surrounding its bond obligations, Geregu stressed that its core electricity generation activities remain unaffected.
The company said it continues to focus on delivering power to consumers while maintaining operational stability.
Management also reaffirmed its commitment to corporate governance, accountability and transparency as it works through the ongoing engagements.
Investors Monitor Impact on Future Performance
The development comes as shareholders evaluate the possible impact of Geregu’s financing obligations on its financial position, cash flow management and future operations.
As a company listed on the Nigerian Exchange Limited, Geregu’s financial disclosures and funding arrangements remain closely watched by investors and other capital market participants.
The company’s ongoing review and stakeholder discussions are expected to provide further clarity as efforts continue to address the concerns surrounding its bond repayment obligations.
