Showing posts with label Power Companies. Show all posts
Showing posts with label Power Companies. Show all posts

List of Power Plants in Bangladesh: December 2022

10 January 2023
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Currently, 152 power plants with a combined capacity of 22,608 MW are in operation in Bangladesh of which 48 state-owned power plants (SOPP), 16 public-owned independent power plants (Public IPP), 75 private independent power producers (Private IPP) and 17 rental power plants (RPP). The full list of all power plants, including which are in operation, retired, or under construction, is given below:

State-owned Power Plants (SOPP)

  1. Baghabari 50 MW (BPDB) HFO Power Plant: in operation
  2. Baghabari 171 MW (BPDB) DFG Power Plant (Unit 1-2): in operation
  3. Barapukuria 250 MW (BPDB) Coal Power Plant (Unit 1-2): in operation
  4. Barapukuria 275 MW (BPDB) Coal Power Plant (Unit 3): in operation
  5. Barishal 40 MW (BPDB) HSD Power Plant: in operation
  6. Bera 70 MW (BPDB) HFO Power Plant: in operation
  7. Bheramara 60 MW (BPDB) HSD Power Plant: in operation
  8. Bhola 8.36 MW (BPDB) HSD Power Plant: in operation
  9. Bhola 220 MW (BPDB) Dual Fuel Power Plant (Bhola-I): in operation
  10. Bibiyana 400 MW (BPDB) DFG Power Plant (Unit 3): in operation
  11. Bibiyana 400 MW (BPDB) DFG Power Plant (South): in operation
  12. Chandpur 150 MW (BPDB) DFG Power Plant: in operation
  13. Chapainawabganj 100 MW (BPDB) HFO Power Plant: in operation
  14. Chattogram 420 MW (BPDB) DFG Power Plant (Unit 1-2): in operation
  15. Daudkandi 50 MW (BPDB) HFO Power Plant: in operation
  16. DGD Dhaka 2 MW (BPDB) HSD Power Plant: in operation
  17. Dohazari 100 MW (BPDB) HFO Power Plant: in operation
  18. Faridpur 50 MW (BPDB) HFO Power Plant: in operation
  19. Fenchuganj 2X90 MW (BPDB) DFG Power Plant (Unit 1-2): in operation
  20. Ghorashal 110 MW (BPDB) DFG Power Plant (Unit 1-2): in operation
  21. Ghorashal 410 MW (BPDB) Gas Power Plant (Unit 3): in operation
  22. Ghorashal 210 MW (BPDB) Gas Power Plant (Unit 4): in operation
  23. Ghorashal 210 MW (BPDB) DFG Power Plant (Unit 5-6): in operation
  24. Ghorashal 365 MW (BPDB) DFG Power Plant (Unit 7): in operation
  25. Gopalganj 100 MW (BPDB) HFO Power Plant: in operation
  26. Haripur 100 MW (BPDB) Dual Fuel Power Plant: in operation
  27. Hathazari 100 MW (BPDB) HFO Power Plant: in operation
  28. Hatiya 2.2 MW (BPDB) HSD Power Plant: in operation
  29. Kaptai 7.4 MW (BPDB) Solar Power Plant: in operation
  30. Karnaphuli 230 MW (BPDB) Hydropower Plant: in operation
  31. Katakhali 50 MW (BPDB) HFO Power Plant: in operation
  32. Kumargaon 20 MW (BPDB) Dual Fuel Power Plant: in operation
  33. Kutubdia 0.9 MW (BPDB) Wind Power Plant: in operation
  34. Kutubdia 1.5 MW (BPDB) HSD Power Plant: in operation
  35. Rangpur 20 MW (BPDB) HSD Power Plant: in operation
  36. Saidpur 20 MW (BPDB) HSD Power Plant: in operation
  37. Sandwip 2.64 MW (BPDB) HSD Power Plant: in operation
  38. Santahar 50 MW (BPDB) HFO Power Plant: in operation
  39. Shahjibazar 100 MW (BPDB) DFG Power Plant: in operation
  40. Shahjibazar 170 MW (BPDB) DFG Power Plant: in operation
  41. Shahjibazar 330 MW (BPDB) DFG Power Plant: in operation
  42. Shikalbaha 210 MW (BPDB) DFG Power Plant (Unit 1-2): in operation
  43. Shikalbaha 225 MW (BPDB) Dual Fuel Power Plant: in operation
  44. Siddhirganj 210 MW (BPDB) DFG Power Plant: in operation
  45. Sirajganj 2 MW (BPDB) Wind Power Plant: in operation
  46. Sonagazi 1 MW (BPDB) Wind Power Plant: in operation
  47. Sylhet 225 MW (BPDB) DFG Power Plant: in operation
  48. Tongi 105 MW (BPDB) DFG Power Plant: in operation
  49. Barishal 14.64 MW (BPDB) HSD Power Plant: retired
  50. Char Fasson 0.8 MW (BPDB) HSD Power Plant: retired
  51. Khulna 230 MW (BPDB) HFO Power Plant: retired
  52. Mehendiganj 1.24 MW (BPDB) HSD Power Plant: retired
  53. Monpura 0.4 MW (BPDB) HSD Power Plant: retired
  54. Rangamati 2 MW (BPDB) HSD Power Plant: retired
  55. Saidpur 6 MW (BPDB) HSD Power Plant: retired
  56. Siddhirganj 50 MW (BPDB) DFG Power Plant: retired
  57. Thakurgaon 6 MW (BPDB) HSD Power Plant: retired

Public Power Plants (Public IPP)

  1. Ashuganj 395 MW (APSCL) DFG Power Plant (Unit 1-4): in operation
  2. Ashuganj 50 MW (APSCL) DFG Power Plant: in operation
  3. Ashuganj 225 MW (APSCL) DFG Power Plant: in operation
  4. Ashuganj 450 MW (APSCL) DFG Power Plant (North): in operation
  5. Ashuganj 450 MW (APSCL) DFG Power Plant (South): in operation
  6. Bheramara 410 MW (NWPGCL) DFG Power Plant: in operation
  7. Haripur 412 MW (EGCBL) DFG Power Plant: in operation
  8. Khulna 225 MW (NWPGCL) Dual Fuel Power Plant: in operation
  9. Madhumati 105 MW (NWPGCL) HFO Power Plant: in operation
  10. Siddhirganj 2X120 MW (EGCBL) DFG Power Plant: in operation
  11. Siddhirganj 335 MW (EGCBL) DFG Power Plant: in operation
  12. Sirajganj 6.55 MW (NWPGCL) Solar Power Plant: in operation
  13. Sirajganj 225 MW (NWPGCL) Dual Fuel Power Plant (Unit 1): in operation
  14. Sirajganj 225 MW (NWPGCL) Dual Fuel Power Plant (Unit 2): in operation
  15. Sirajganj 225 MW (NWPGCL) Dual Fuel Power Plant (Unit 3): in operation

Private Independent Power Producer (Private IPP)

  1. Anwara 16 MW (KEPZ) Solar Power Plant: in operation
  2. Anwara 300 MW (United) HFO Power Plant: in operation
  3. Aowrahati 100 MW (Aggreko) HSD Power Plant: in operation
  4. Ashuganj 51 MW (Midland) DFG Power Plant: in operation
  5. Ashuganj 150 MW (Midland East) HFO Power Plant: in operation
  6. Ashuganj 195 MW (United-APSCL) DFG Power Plant: in operation
  7. Baghabari 200 MW (Paramount - BTrac) HSD Power Plant: in operation
  8. Barabkunda 22 MW (Regent) DFG Power Plant: in operation
  9. Barishal 110 MW (Summit) HFO Power Plant: in operation
  10. Bhairab 55 MW (BPL) HFO Power Plant: in operation
  11. Bhola 225 MW (NBBL) Dual Fuel Power Plant: in operation
  12. Bibiyana 341 MW (Summit) DFG Power Plant (Unit 2): in operation
  13. Bogura 113 MW (Confidence) HFO Power Plant (Unit 1): in operation
  14. Bogura 113 MW (Confidence) HFO Power Plant (Unit 2): in operation
  15. Bosila 108 MW (CLC) HFO Power Plant: in operation
  16. Brahmangaon 100 MW (Aggreko) HSD Power Plant: in operation
  17. Chandpur 115 MW (Doreen) HFO Power Plant: in operation
  18. Chandpur 200 MW (Desh Energy) HFO Power Plant: in operation
  19. Chattogram 108 MW (EPVCL) HFO Power Plant: in operation
  20. Chowmuhani 113 MW (HF Power) HFO Power Plant: in operation
  21. Daudkandi 200 MW (Bangla Trac) HSD Power Plant (Unit 1)
  22. Fenchuganj 163 MW (Max- Kushiara) DFG Power Plant: in operation
  23. Feni 22 MW (Doreen) DFG Power Plant (Unit 2): in operation
  24. Feni 114 MW (Feni Lanka) HFO Power Plant: in operation
  25. Gazipur 52 MW (RPCL) Dual Fuel Power Plant: in operation
  26. Gazipur 105 MW (RPCL) HFO Power Plant: in operation
  27. Gazipur 149 MW (Summit) Dual Fuel Power Plant (Unit 1): in operation
  28. Gazipur 300 MW (Summit) HFO Power Plant (Unit 2): in operation
  29. Ghorashal 108 MW (Regent) DFG Power Plant: in operation
  30. Gognagar 102 MW (Digital) HFO Power Plant: in operation
  31. Haripur 360 MW (HPL) DFG Power Plant: in operation
  32. Jamalpur 95 MW (PowerPac) HFO Power Plant: in operation
  33. Jamalpur 115 MW (United) HFO Power Plant: in operation
  34. Jangalia 33 MW (Summit) DFG Power Plant: in operation
  35. Jangalia 52 MW (Lakdhanavi) Dual Fuel Power Plant: in operation
  36. Juldha 100 MW (Acorn) HFO Power Plant (Unit 2): in operation
  37. Juldha 100 MW (Acorn) HFO Power Plant (Unit 3): in operation
  38. Kamalaghat 54 MW (Banco) HFO Power Plant: in operation
  39. Kathpotti 52 MW (Sinha) HFO Power Plant: in operation
  40. Keraniganj 300 MW (APR) HSD Power Plant: in operation
  41. Kodda 150 MW (BRPL) Dual Fuel Power Plant: in operation
  42. Madanganj 55 MW (Summit) HFO Power Plant (Unit 2): in operation
  43. Majhipara 8 MW (Sympa) Solar Power Plant: in operation
  44. Malancha CEPZ 72 MW (UPGDCL) DFG Power Plant: in operation
  45. Manikganj 35 MW (Spectra) Solar Power Plant: in operation
  46. Manikganj 55 MW (Dhaka Northern) HFO Power Plant: in operation
  47. Manikganj 162 MW (MPGL) HFO Power Plant: in operation
  48. Meghnaghat 104 MW (Orion Sonargaon) HFO Power Plant: in operation
  49. Meghnaghat 335 MW (Summit) Dual Fuel Power Plant (Unit 1): in operation
  50. Meghnaghat 450 MW (MPL) DFG Power Plant: in operation
  51. Mongla 100 MW (Orion-Energon) Solar Power Plant: in operation
  52. Mymensingh 200 MW (United) HFO Power Plant: in operation
  53. Mymensingh 210 MW (RPCL) DFG Power Plant: in operation
  54. Natore 52 MW (Raj Lanka) HFO Power Plant: in operation
  55. Nawabganj 55 MW (Dhaka Southern) HFO Power Plant: in operation
  56. Nawapara 100 MW (Bangla Trac) HSD Power Plant (Unit 2): in operation
  57. Patenga 50 MW (Baraka Patenga) HFO Power Plant: in operation
  58. Patiya 55 MW (Zodiac) HFO Power Plant: in operation
  59. Patiya 116 MW (Anlima) HFO Power Plant: in operation
  60. Payra 150 MW (United) HFO Power Plant: in operation
  61. Payra 1320 MW (BCPCL) Coal Power Plant (Phase 1): in operation
  62. Purbachal 55 MW (X Index) HFO Power Plant: in operation
  63. Rangpur 113 MW (Confidence) HFO Power Plant: in operation
  64. Raozan 25 MW (RPCL) Dual Fuel Power Plant: in operation
  65. Rupsha 105 MW (Orion) HFO Power Plant: in operation
  66. Sarishabari 3 MW (Engreen) Solar Power Plant: in operation
  67. Shikalbaha 105 MW (Baraka) HFO Power Plant: in operation
  68. Shikalbaha 110 MW (Karnaphuli) HFO Power Plant: in operation
  69. Sirajganj 410 MW (SNWPCL) Dual Fuel Power Plant (Unit 4): in operation
  70. Sutiakhali 50 MW (HDFC) Solar Power Plant: in operation
  71. Sylhet 25 MW (United) DFG Power Plant: in operation
  72. Tangail 22 MW (Doreen) DFG Power Plant: in operation
  73. Tangail 22 MW (TPPGL) HFO Power Plant: in operation
  74. Teknaf 20 MW (Joules-Solartech) Solar Power Plant: in operation
  75. Thakurgaon 115 MW (EPVTL) HFO Power Plant: in operation
  76. Baghabari 90 MW (Westmont) DFG Power Plant: retired
  77. Haripur 110 MW (NEPC) Dual Fuel Power Plant: retired
  78. Khulna 110 MW (KPCL) HFO Power Plant (Unit 1): retired

Rental Power Plants (RPP)

  1. Amnura 50 MW (Sinha) Dual Fuel Power Plant: in operation
  2. Ashuganj 55 MW (Precision) DFG Power Plant: in operation
  3. Bhola 33 MW (Venture) DFG Power Plant: in operation
  4. Bogura 22 MW (GBB Power) DFG Power Plant: in operation
  5. Fenchuganj 44 MW (Energy Prima) DFG Power Plant: in operation
  6. Fenchuganj 51 MW (Barakatullah) DFG Power Plant: in operation
  7. Juldha 100 MW (Acorn) HFO Power Plant (Unit 1): in operation
  8. Katakhali 50 MW (Northern Power) HFO Power Plant: in operation
  9. Keraniganj 100 MW (PowerPac) HFO Power Plant (Unit 1): in operation
  10. Khulna 115 MW (KPCL) HFO Power Plant (Unit 2): in operation
  11. Kumargaon 10 MW (Desh Cambridge) DFG Power Plant: in operation
  12. Kumargaon 50 MW (Energy Prima) DFG Power Plant: in operation
  13. Madanganj 102 MW (Summit) Dual Fuel Power Plant (Unit 1): in operation
  14. Meghnaghat 100 MW (IEL) HFO Power Plant: in operation
  15. Nawapara 40 MW (KPCL) HFO Power Plant (Unit 3): in operation
  16. Shahjibazar 86 MW (Shahjibazar) DFG Power Plant: in operation
  17. Siddhirganj 100 MW (Dutch-Bangla) HFO Power Plant: in operation
  18. Ashuganj 53 MW (United) DFG Power Plant: retired
  19. Bheramara 110 MW (Quantum) HSD Power Plant: retired
  20. Bhola 95 MW (Aggreko) DFG Power Plant: retired
  21. Bogura 20 MW (Energy Prima) DFG Power Plant: retired
  22. Brahmanbaria 70 MW (Aggreko) DFG Power Plant: retired
  23. Brahmanbaria 80 MW (Aggreko) DFG Power Plant: retired
  24. Ghorashal 78.5 MW (Max) DFG Power Plant: retired
  25. Ghorashal 145 MW (Aggreko) Dual Fuel Power Plant: retired
  26. Khulna 40 MW (Aggreko) HSD Power Plant: retired
  27. Khulna 55 MW (Aggreko) HSD Power Plant: retired
  28. Nawapara 105 MW (Quantum) HFO Power Plant: retired
  29. Pagla 50 MW (DPA Power) HSD Power Plant: retired
  30. Shahjibazar 50 MW (Energyprima) DFG Power Plant: retired
  31. Shikalbaha 55 MW (Energies) HFO Power Plant: retired
  32. Siddhirganj 100 MW (Desh Energy) HSD Power Plant: retired
  33. Thakurgaon 50 MW (RZ Power) HSD Power Plant: retired

Summit to invest more in power generation

7 March 2019 | Niaz Mahmud | Daily Dhaka Tribune 
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Summit Power has over 21 years of experience in the power sector. The company is the pioneer among Bangladeshi private sector power generation companies. 
The Summit Power Limited (SPL) has posted a 14% growth in revenue year-on-year in 2017-18 due to increase of production capacity. 
Revenue from 2013 to June 2018 has increased by 90%, growing by 17.98% each year on an average and stood at Tk1,846 crore for the year ended 30 June 2018. 
Summit Power has over 21 years of experience in the power sector. The company is the pioneer among Bangladeshi private sector power generation companies. 
The Summit Group is the largest infrastructure conglomerate of Bangladesh, comprising of multiple business units ranging from power to shipping to communications. Summit power’s concerns including both Turbine and Reciprocating Engine Divisions currently have 1,941MW of installed capacity. 
SPL, a subsidiary of Summit Group, is the first Bangladeshi Independent Power Producer (IPP) supplying power to the national grid. Today SPL owns and operates 15 power plants in different locations across the country having a total installed capacity of 976 MW. 
This fast-growing company has set a mission to expand the company with a power generation capacity to the tune of a modest 20% of the total electricity requirement in Bangladesh. 
Recently, the company has installed two power plants in Kodda, Gazipur: 300MW heavy fuel oil (HFO) fired within nine months from the date of Letter of Intent and another is 149MW Dual Fuel (HFO/Gas) fired within 15 months from the date of signing of the Power Purchase Agreement (PPA). 
Summit Power Chairman Muhammed Aziz Khan told the Dhaka Tribune: “Electricity is one of the most important parts of infrastructure, so I feel very proud to be associated with the power sector of Bangladesh.” 
By 2030, the government wants to generate 40,000MW electricity. To reach this target, Bangladesh has to make additional investment of about $40 billion. 
Aziz Khan also said: “Summit is working with the government and we would like to supply 20% of the country’s electricity. As a result, we wish to invest about $6 billion in the power sector of Bangladesh. 
“We will strengthen our engagement in power generation in the future.” 
The Summit Power disbursed a 30% cash dividend for the year 2017-18. The Company has also reported earnings per share (EPS) of Tk4.40, net asset value (NAV) per share of Tk.31.26 for the year ended on June 30, 2018. 
Net profit of the Company has also increased over the years since 2013 on average by 17.29% each year and stood at Tk5,274 million for the year ended 30 June 2018. 
Total assets of the Company has also increased over the years since 2013 by 192% and on an average by 38.40% each year and stood at Tk64,346 million for the year ended 30 June 2018. 
The SPL, presently an “A” category company, was listed the stock exchanges in 2005. The company's sponsor-directors hold 63.18% shares, institutes 19.73%, foreign shareholders 3.65% and general shareholders 13.44% as of Wednesday. The company's share price closed at Tk42.30 each yesterday on the Dhaka Stock Exchange (DSE). 
Summit Power was incorporated in Bangladesh on March 30, 1997 as a Private Limited Company. On June 7, 2004, the Company was converted into Public Limited Company under the Companies Act, 1994. 

Summit Power approves 30pc cash dividend

10 December 2018 | Energy Bangla 
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Senior officials of Summit Power Limited seen at the 21st Annual General Meeting (AGM) of the company at Krishibid Institution Bangladesh (KIB) auditorium in the capital yesterday.
Summit Power Limited has approved 30 per cent cash dividend to its shareholders for the year ended on 30 June 2018. The dividend was approved in presence of the Company’s shareholder at its 21st Annual General Meeting (AGM) held at Krishibid Institution Bangladesh (KIB) Complex, Farmgate, Dhaka, 
Presided over by Chairman of Summit Power Limited Muhammed Aziz Khan, the meeting was attended by Vice Chairman Md Latif Khan, Director Anjuman Aziz Khan, Director Jafer Ummeed Khan, Director Md Farid Khan, Director Faisal Karim Khan, Director Azeeza Aziz Khan, Managing Director Lt Gen (Retd) Engr. Abdul Wadud, Director Faruq Ahmed Siddiqi, Director Helal Uddin Ahmed, Director Arif Al Islam, Director Mustafizur Rahman Khan, Financial Controller & Company Secretary Swapon Kumar Pal FCA and other senior officials. 
Summit Power Limited (SPL) is the leading independent power producer (IPP) of Bangladesh and a publicly listed AAA rated company. Presently Summit Group is supplying 1,941 MW power to the national grid. Summit Group has received five consecutive ‘best power plant award’ from the government since 2013. 
It may be mentioned that Summit Power Limited has been consistent in giving out dividend since its enlistment in the Dhaka and Chittagong Stock Exchanges in 2005. 

Summit Power Limited wins silver at Asian Power Awards

22 September 2018 | Md Saidun Nabi | Daily Dhaka Tribune 
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Summit Power Limited being awarded the silver medal at the Asian Power Awards

Earlier this month, the same power plant won Summit the Best Private Power Generation Company award at Power and Energy Week 2018. 
In yet another achievement, electricity giant Summit Power Limited bagged a medal in the Fast-Track Power Plant of the Year category at the Asian Power Awards. 
Summit Gazipur II Power Limited won silver at the event, dubbed the Oscars of the Power Industry, held in Jakarta, Indonesia, according to a press release.  
Summit Power Limited is a subsidiary of Singapore-based holding company Summit Power International. 
Summit completed construction-to-power generation of the 300MW power plant in just nine months. 
Vice Chairman of Summit Group Latif Khan, along with Managing Director Mozzammel Hossain and Project Head Abdul Hakim of Summit Gazipur I and II Power received the award at the ceremony on Thursday. 
In the fast-track category, Tsetsii Wind Farm by Singaporean company Vestas Asia Pacific took the gold, and Kalsel-1 2x100MW Coal-Fired Steam Power Plant Project by PT Tanjung Power Indonesia, picked up the bronze medal. 
Earlier this month, the same power plant won Summit the Best Private Power Generation Company award at Power and Energy Week 2018, in recognition of being the fastest implemented power plant in Bangladesh. 
On December 10 last year, Summit Gazipur II Power Ltd signed a project agreement with the government to supply 300MW of electricity for a period of 15 years. 
According to the agreement, Summit Gazipur II Power Ltd was expected to commence commercial operation by mid-2018.  
At that time, it was supposed to be the largest reciprocating engine-run power plant in Bangladesh. 
In 2011, Summit Narayanganj Power Ltd took the gold at the Asian Power Awards 2011 for Best Fast-Track Power Project for implementing construction-to-generation in 270 days.  

Summit, Mitsubishi appraise PM on progress of $3b investment in Bangladesh

1 June 2019 | Daily NewAge 
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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. 
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. 

Aziz Khan at Singapore’s top rich list

16 August 2018 | Energy Bangla 
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Bangladeshi businessman and Summit Group Chairman Muhammed Aziz Khan is among Singapore’s richest people. 
With $910 million net worth, Khan ranks 34th among 50 richest people in the city state, according to a 2018 list published by Forbes. 
Khan, 63, has interests in power, ports, fibre optics and real estate. A Singapore permanent resident, Khan is planning to list Summit Power International on the Singapore exchange. 
His daughter, Ayesha Aziz Khan, runs Summit Power International, a Singapore-based company that now holds assets of at least 17 power plants in Bangladesh with total generating capacity exceeding 1,644 megawatts. 
Summit Power was originally established in Bangladesh as its first independent power producer in 1997. Summit reflected 21 percent of Bangladesh’s total private installed capacity and 9 percent of total installed capacity as of 2017, according to the company’s website. 
The Forbes list published on Jul 25 was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and other sources. 
Unlike Forbes’s billionaire rankings, this list includes family fortunes, including those shared among extended families such as that of Hong Leong Group’s Executive Chairman Kwek Leng Beng and his cousins. 
Net worth is based on stock prices and exchange rates as of the close of markets on Jul 13. Private companies were valued based on similar companies that are publicly traded. 
Singapore’s top 50 richest collectively recorded double-digit gains; their combined wealth is up 11 percent to close to $116 billion. 
There are three newcomers to the 2018 list, and Khan is one of them. The other two are Gordon Tang of property firm SingHaiyi Group and online gaming whiz Forrest Li, who listed his firm Sea on the NYSE in October. 
Khan started Summit as a trading firm but went on to focus on infrastructure. His source of wealth is power and self-made, Forbes mentioned in its report. 

Summit Power receives ICSB Gold Award

12 November 2018 | Daily NewAge 
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Summit Power director Azeeza Khan and managing director Lt Gen (retd) Abdul Wadud receive gold award from finance minister Abul Maal Abdul Muhith at a programme titled ‘ICSB National Award-2017’ for the company’s corporate governance excellence in the fuel and power companies category organised by ICSB held at Radisson Blu Dhaka Water Garden in Dhaka on Saturday. BSEC chairman M Khairul Hossain, former finance advisor to the caretaker government ABM Mirza Azizul Islam, ICSB president Mohammad Sanaullah and senior vice-president Safiar Rahman and Summit Group vice-chairman Farid Khan were present, among others. — New Age photo
Summit Power has been awarded the gold award at ‘ICSB National Award’ for corporate governance excellence in ‘the fuel and power companies’ category, said a press release. 
 
This is the fourth time Summit Power received this recognition from the ICSB, it said. 
 
Summit Power director Azeeza Khan and managing director Lt Gen (retd) Abdul Wadud received the gold award from finance minister Abul Maal Abdul Muhith at a programme held at the Radisson Blu Dhaka Water Garden in Dhaka on Saturday. 
 
BSEC chairman M Khairul Hossain, former finance adviser to the caretaker government ABM Mirza Azizul Islam, ICSB president Mohammad Sanaullah, ICSB senior vice-president Safiar Rahman, Summit Group vice chairman Farid Khan and financial controller and company secretary Swapon Kumar Pal were present at the programme, among others. 
 

Summit, GE, Mitsubishi unveil $3b energy investment in Bangladesh

12 July 2018 | Daily NewAge 
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Representatives of Summit Corporation, General Electric Company of the US and Mitsubishi Corporation of Japan in Dhaka on Wednesday sign a deal to invest $3 billion in private power sector of Bangladesh. — New Age photo
Bangladesh-based independent power producer Summit Corporation Limited along with Mitsubishi Corporation and General Electric Company on Wednesday announced a $3 billion foreign direct investment for the establishment of four combined cycle power plants in Bangladesh. 
Each power plant with 600MW generation capacity would start power generation by 2023, according to a memorandum of understanding signed between the respective parties at a city hotel. 
The event was held in continuation with an earlier memorandum signed on March 13 in presence of prime minister Sheikh Hasina during her visit to Singapore. 
At Wednesday’s event, prime minister’s energy adviser Tawfiq-e-Elahi Chowdhury said that completion of the projects would help to bring almost all the households under power supply coverage by 2024. 
State minister for power, energy and mineral resources Nasrul Hamid said that Bangladesh needed more private investment to raise the power generation capacity to 60,000MW. 
Summit chairman Muhammad Aziz Khan claimed that the project would facilitate best technology at world’s lowest tariff to meet increasing demand of power supply for people and businesses. 
General Electric Company president and chief executive officer Russel Stokes said that GE’s 9HA gas turbines would ensure high levels of efficiency to strengthen Bangladesh’s power generation. 
Power division secretary Ahmad Kaikaus, energy and mineral resources division secretary Abu Hena Rahmatul Muneem, Bangladesh Power Development Board chairman Khaled Mahmood, among others, were present. 
Later at Bidyut Bhaban, another memorandum was signed between Bangladesh Power Development Board and General Electric Company for the installation of 3600MW LNG-based power plant at Maheshkhali in Cox’s Bazar. 
Khaled Mahmood and Russel Stokes signed the memorandum for the project that would cost $4.4 billion. 

Aziz recognised as the ‘Global Asian of the Year 2018’

29 January 2019 | Daily NewAge 
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Summit Group chairman Muhammed Aziz Khan receives the ‘Global Asian of the Year 2018’ award from Singapore member of parliament (West Coast GRC Boon Lay) Patrick Tay, under the ‘power and energy’ category at an awarding ceremony held at the tenth edition of AsiaOne Summit titled ‘Pride of Asia – Asian Business & Social Forum 2019’ at Marina Bay Sands Hotel in Singapore on January 21. — New Age photo
Summit Group chairman Muhammed Aziz Khan has been recognised as the ‘Global Asian of the Year 2018’ under the ‘Power & Energy’ category by AsiaOne magazine for his contribution to the sector and industry, said a press release on Monday. 
The award ceremony was held at the Tenth Edition of AsiaOne Summit ‘Pride of Asia – Asian Business & Social Forum 2019’ on January 21 at Marina Bay Sands Hotel in Singapore. 
AsiaOne stated that Muhammed Aziz Khan was the pivotal force of the largest infrastructure conglomerate in Bangladesh – the Summit Group of companies. 
Starting his business with zero capital, Aziz has been listed among the richest in Singapore by Forbes in 2018, said the press release. 
This selection is based on primary and secondary research across 16 industries under 62 sub categories in Asia, with the evaluation and scoring from independent jury members, united research services international primary and secondary data collation, and the AsiaOne editorial team.

Aziz Khan among 50 richest people in Singapore

16 August 2018 | Daily NewAge 
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Mohammed Aziz Khan
Bangladesh-born businessman Summit Group chairman Muhammed Aziz Khan and his family have been named the 34th richest person in Singapore on the list of 50 richest people and organisations of 2018. 
A Singapore permanent resident Aziz Khan’s net worth is $910 million as of July 25, according to Forbes, a global magazine focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle. 
The list was made available on Wednesday on its website as ‘2018 Singapore's 50 Richest Net Worth’ made based on an annual assessment of wealth and assets. 
The magazine says that Summit has interests in power, ports, fibre optics and real estate and the 63-year-old Aziz Khan was one of the pioneers in the power industry of Bangladesh with more than 36 years of experience. 
It says his daughter, Ayesha, runs Summit Power International and Aziz Khan are planning to list power unit Summit Power International on Singapore Exchange Limited. 
Among 50 richest persons, owners of Singapore’s largest private landlord and property developer Far East Organisation brothers Robert and Philip Ng top the list. 
Social networking site Facebook cofounder Eduardo Saverin, a Brazil national, and Japan’s paint manufacturer Goh Cheng Liang respectively took the second and the third place on the list. 
Recently, as the first Bangladeshi company, Summit Power International has been enlisted with Stock Exchange of Singapore. 
Summit Power International has deferred its planned US$260 million (S$344.2 million) Singapore Exchange initial public offering, which would be the first overseas IPO from a Bangladeshi company. 

Summit's Aziz 34th richest in Singapore: Forbes

The Daily Star | 16 August 2018 
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Muhammad Aziz Khan

Bangladesh's entrepreneur Muhammed Aziz Khan, chairman of Summit Group, was named as the 34th richest man in Singapore in the Forbes' list for 2018. 

His net worth was $910 million as of July 25, said Forbes on its website. 

“I am very pleased and happy to be making to the list,” Khan said, according to his company. 

Forbes has taken into consideration only the power assets worth $910 million, according to Mohsena Hassan, head of public relations of Summit Corporation.  

All of Khan and his family's assets, which are all in Bangladesh, worth about $1.5 billion, she said in an email. 

Khan, a 63-year-old entrepreneur, is one of the pioneers in the power industry of Bangladesh with more than 36 years of experience. 

Summit Group is one of the leading private sector conglomerates of Bangladesh, comprising more than 20 business units. It has interests in power, ports, fibre optics, real estate and liquefied natural gas. 

A Singapore permanent resident, Khan is planning to list power unit Summit Power International (SPI) on the Singapore exchange. 

He ventured into businesses in 1973, at a time when there was hardly any track record of the country producing successful entrepreneurs. 

But in the course of the last four decades, Khan has gone on to cement his name among the country's most illustrious businessmen. 

He set up Summit Industrial and Mercantile Corporation in 1985, aiming to develop the country's infrastructure. 

Today, Summit's subsidiaries are the country's first private sector power generator, a port owner and operator, and provider of information communication connectivity via fibre optic. 

Set up in 1997, the SPI is the largest independent power producer in the country. 

It has 17 power plants with total generating capacity exceeding 1,644-megawatt. 

In July, Summit signed an agreement with Mitsubishi and GE to invest $3 billion to establish five power plants, two LNG terminals and one oil terminal. 

Summit set up the country's first private off-dock port facility, Ocean Containers Ltd, now known as Summit Alliance Ports Ltd, which handles about 30 percent of the country's export volume and about 10 percent of the country's import volume, according to Summit Power Ltd's audit report of 2016-17. 

Summit Communications, the first company to lay a nationwide telecommunication transmission network, covers 70 percent of Bangladesh and connects Bangladesh to India and Myanmar through terrestrial fibre optics. 

Summit Group employs more than 5,000 people. 

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