1 June 2019 | Daily NewAge
----------------
 |
| Prime minister Sheikh Hasina is seen with Summit Group founder chairman Muhammed Aziz Khan and Mitsubishi Corporation Natural Gas Group’s group CEO Jun Nishizawa when they update PM on $3 billion investment in Bangladesh, at New Otani Hotel in Tokyo, Japan recently. — New Age photo |
Mitsubishi Corporation Natural Gas Group’s group CEO Jun Nishizawa and Summit Group founder chairman Muhammed Aziz Khan have met with prime minister Sheikh Hasina at New Otani Hotel in Tokyo recently, said a press release.
They appraised her about the progress of the Summit-Mitsubishi and GE’s investment of $3 billion in Bangladesh, during business breakfast meeting, the release also said.
They also discussed about other power and energy projects being pursued by Summit and Mitsubishi.
Jun Nishizawa said, ‘We are happy to have successfully partnered in Bangladesh’s second FSRU terminal with Summit Group. Mitsubishi has a track-record and is keen to invest into gas-to-power project in Bangladesh with our partner Summit Group in order to contribute to the country’s growing energy demand’, said the release.
Jun Nishizawa said, ‘We are happy to have successfully partnered in Bangladesh’s second FSRU terminal with Summit Group. Mitsubishi has a track-record and is keen to invest into gas-to-power project in Bangladesh with our partner Summit Group in order to contribute to the country’s growing energy demand’, said the release.
The scope of Summit, Mitsubishi and GE’s $ 3 billion investment project includes four units of 600 MW combined cycle power plants (total generating capacity of 2,400 MW), two units of on-shore LNG terminal with total of 380,000 m³ capacity, oil terminals with 100,000 MT capacity and another 300 MW HFO-based power plant, it said.
Summit will be the majority owner of the project while Mitsubishi and GE will be owning the remaining, it also said.
The project is designed to be completed by 2023 beginning from 2019. With implementation of this project in 2023, Summit will be doubling its generation capacity, the release also said.