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Bangladesh Working Group on External Debt (BWGED) joined in campaign against coal financing of Japan with other like-minded international organizations and networks.The appeal was published in Asian Financial Times on 17 April 2019. |
BWGED's Appeal to Japan Prime Minister for Cancelling Coal Power Plants
Summit starts power generation at new 149MW plant
The Daily Observer | 16 July 2018
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| An aerial view of 149 MW HFO-fueled Summit power plant, at Kodda, Gazipur |
Summit, Bangladesh's independent power producer , has begun power generation at another 149 MW HFO-fueled power plant, at Kodda, Gazipur, says a press release.
Summit Gazipur I Power Limited (also known as Ace Alliance Power Limited) was assigned by Bangladesh Power Development Board (BPDB) and Power Division of Ministry of Power, Energy and Mineral Resources.
With addition of this new power plant, the total generation capacity of Summit now stands at 1,941 MW. Only about two months earlier (on 9th May 2018) Summit Gazipur II Power (300MW) started power generation on record time.
Summit Gazipur I Power is supplying power in the national grid at 132 KV through PGCB's Kodda grid sub-stations. Summit Gazipur I (149MW) and Gazipur II (300MW) power plants are located adjacent to each other in Kodda, Gazipur about 30 km away from Dhaka city.
Link: https://www.observerbd.com/details.php?id=148160
Biggest pvt investment coming in power, LNG
The Daily Star | 11 July 2018
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The largest ever private investment in Bangladesh’s power and energy sectors worth US $3 billion – around Tk 24,000 crore – is coming to facelift the country’s basic infrastructure.
Local Summit Group, Japanese Mitsubishi Corporation and US-based General Electric Company inked an initial agreement to this effect at a programme in Dhaka city today.
Tetsuji Nakagawa, senior vice-president of the infrastructure business division of Mitsubishi Corporation, Muhammed Aziz Khan, chairman of Summit Group, and Russell Stokes, president and CEO of GE Power, inked the agreement.
It has been official that Summit will be the majority owner of the integrated project.
GE will invest in equity and technology in the four 600MW-each combined cycle power plants with a total capacity of 2,400MW. Mitsubishi will be the partner for the complete integrated project, according to a statement of Summit Group.
With implementation of the project in 2023, Summit will be doubling its power generation capacity.
The combined cycle power plants will be powered by GE’s flagship 9HA gas turbines. The project includes two units of onshore LNG terminal with total capacity of 380,000-cubic metre, and oil terminals with 100,000 tonnes capacity – all to be located in Matarbari, Cox’s Bazar.
The location of the 300MW heavy fuel-based power plant hasn’t been finalised yet.
The project will be using world’s most efficient and environment-friendly technology. The LNG terminal will be using cutting-edge technology so that there is no boil-off, utilising all the gas for electricity generation, said Khan at the signing ceremony.
Nasrul Hamid, state minister for power, energy and mineral resources, and Tawfiq-e-Elahi Chowdhury, energy adviser to the prime minister, were present at the signing ceremony.
Summit Power to invest US$6bn in Bangladesh
Newsbase.com | 12 March 2019
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Singapore’s Summit Power International aims to invest US$6 billion in expanding its generating portfolio in Bangladesh by at least 3,000 MW.
The company currently operates 1,940 MW of capacity in Bangladesh at more than 12 sites, supplying 9% of the country’s electricity.
Summit seeks to raise capacity in a bid to meet 20% of power demand, Chairman Muhammed Aziz Khan told the Dhaka Tribune.
Summit, the biggest private power generator in Bangladesh, is “working with the government” in Dhaka to secure more plant development contracts, he said, but gave no details. The firm said it wanted to add another 3,000 MW of capacity.
Its latest projects put into operation are a 300-MW heavy fuel oil (HFO) unit and a 149-MW gas-fired thermal power plant (TPP), both at Kodda.
The majority of power plants in Bangladesh are fuelled by natural gas, but domestic offshore production cannot keep up with demand. The country is building more coal-fired TPPs as well as installing an FSRU to bring in LNG.
Summit said it was also involved in the development of an FSRU, which is linked to a 590-MW gas fired TPP being built by Summit at Meghnaghat.
Bangladesh has only 20,000 MW of installed capacity for a population of 165 million. The government has said it wants to double capacity to 40,000 MW by 2030.
Meanwhile, Prime Minister Sheikh Hasina plans to visit China in March or April during which she will seek financial assistance to improve Bangladesh’s transmission infrastructure.
The government has also urged industry to help avoid power cuts and shortages by operating more in off-peak hours.
Summit has calculated that Bangladesh’s installed generating capacity per million people was less than half that of Indonesia and only 20% of that in Vietnam.
Bangladesh Announces LNG Power Plants as Part of Generation Expansion
Darrell Proctor | Powermag.com | 1 December 2017
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| Floating terminals will supply LNG. Texas-based Excelerate Energy is building a floating storage regasification unit offshore Bangladesh, one of three units currently planned to increase the amount of liquefied natural gas (LNG) imported by the country. Courtesy: Excelerate Energy |
The state-owned North-West Power Generation Co. Ltd. (NWPGCL) in Bangladesh in early November announced plans to build a 3,600-MW regasification liquefied natural gas (LNG) combined cycle power plant in the Patuakhali district, on the heels of an earlier agreement to construct a similar 750-to-850-MW plant in Khulna.
The new plants are part of a concerted effort to increase generation capacity in a country that traditionally has relied on gas-fired power. Bangladesh’s ruling party, the Bangladesh Awami League (BAL), has said upgrading the country’s energy infrastructure is critical to increasing security and lessening the need to import power from neighboring countries. Officials are working with many countries, including Russia, on energy initiatives.
Analysts said the country had 15,821 MW of generation capacity as of November 2017, and the country’s Power Division has said capacity must be increased to 24,000 MW—a 52% jump—by 2021, according to its most recent Power Sector Master Plan. Analysts have said electricity demand in Bangladesh is likely to reach 30,000 MW by 2030. Senior government officials have said Bangladesh expects to import at least 25% of its electricity from India for the next few years.
Other large power generation projects underway in Bangladesh include the country’s first nuclear facility, a 2,400-MW plant at Rooppur, and a 1,320-MW coal-fired facility in Rampal, being built by India’s NTPC. The nuclear plant, expected to enter commercial operation in 2023, will utilize two VVER-1200 reactors (water-water energetic reactors), each producing the equivalent of 1,200 MW. It is being built by the Russian Rosatom State Atomic Energy Corp.
In addition to adding coal, nuclear, and natural gas-fired generation, the country’s government also has a goal to produce at least 10% of its power from renewable sources by 2020.
Khurshedul Alam, NWPGCL’s managing director, said his group has signed a memorandum of understanding with Germany’s Siemens AG to build the Patuakhali facility. He said the site was chosen because it has a port into which the LNG can be imported.
Alam told the Dhaka Tribune in late October that NWPGCL already had agreements in place “to import around 125 million cubic feet (MMcf) per day equivalent of regasified LNG at [the] Bangladesh-India border through an offshore LNG terminal from India’s West Bengal to the plant in Khulna.” He said Bangladesh has “opted to import LNG as the country is reeling from an acute gas crisis because the current reserves are depleting very fast.”
The two NWPGCL projects are in addition to a 500-to-600-MW regasification LNG combined cycle power plant being built in Matarbari, in Cox’s Bazar, Chittagong, Bangladesh. That project is a joint venture of Japan’s MITSUI and the Coal Power Generation Co. Bangladesh Ltd.
NWPGCL has three operating power plants in Bangladesh: a 360-MW dual-fuel facility in Bheramara that began operation in September 2017; a 225-MW natural gas-fired combined cycle plant in Sirajganj that began commercial operation with 150 MW of generation capacity in December 2012, and was upgraded to 225 MW in July 2014; and a natural gas-fired combined cycle plant in Khulna that began commercial operation with 150 MW of generation capacity in 2013, and was upgraded to 225 MW in June 2016.
State-owned Petrobangla, also known as Bangladesh Oil, Gas and Mineral Corp., in mid-October signed an agreement for the use of an LNG regasification terminal with a consortium of local Hong Kong Shanghai Manjala Power Ltd., Malaysia’s Global LNG, and Petronas LNG Ltd. The terminal—a floating storage and fixed jetty based regasification unit (FSRU)—will be set up by the consortium at Kutubdia Island in Cox’s Bazar.
It is the third LNG floating terminal planned to supply Bangladesh through Petrobangla. The first, being built by Texas-based Excelerate Energy, is a 500 million cubic feet per day FSRU (Figure 1) that is expected to begin service in April 2018. A second terminal with similar capacity is being built by Summit Group, a Bangladesh company headquartered in Dhaka; it is expected to come online by year-end 2018. Each terminal will import LNG from Switzerland, Oman, and Qatar.
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.
Power Plants of Summit Group
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| Power Plants of Summit Group on Bangladesh Map. Graphics: CLEAN |
Summit Group operates 19 and planned to establish 5 other power plants in Bangladesh. It owns 9 power generating companies including Khulna Power Company Limited (KPCL), Summit Barisal Power Limited (SBPL), Summit Bibiyana Power Company Limited (SBPCL), Summit Gazipur I Power Limited (SGPL I), Summit Gazipur II Power Limited (SGPL II), Summit Meghnaghat Power Company Limited (SMPCL), Summit Narayanganj Power Unit II Limited (SNPULI), Summit Power International (SPI) and Summit Power Limited (SPL).
The Power plants under Summit Groups are:
UNDER OPERATION
- Khan Jahan Ali Power Plant (KPCL Power Plant III): Nawapara, Jessore: HFO: 44.0 MW
- KPCL Power Plant (I), Goalpara, Khulna: HFO: 114.0 MW
- KPCL Power Plant (II), Goalpara, Khulna: HFO: 119.0 MW
- Summit Ashulia Power Plant (I), Savar, Dhaka: NG: 12.0 MW
- Summit Ashulia Power Plant (II), Savar, Dhaka: NG: 35.0 MW
- Summit Bibiyana Power Plant, Habiganj, Sylhet: NG: 352.0 MW
- Summit Chandina Power Plant (I), Chandina, Comilla: HFO: 12.0 MW
- Summit Chandina Power Plant (II), Chandina, Comilla: NG: 14.0 MW
- Summit Gazipur Power Plant (I), Maona, Gazipur: HFO: 156.0 MW
- Summit Gazipur Power Plant (II), Maona, Gazipur: HFO: 307.0 MW
- Summit Jangalia Power Plant, Comilla Sadar, Comilla: NG: 35.0 MW
- Summit Madhabdi Power Plant (I), Madhabdi, Narshingdi: NG: 26.0 MW
- Summit Madhabdi Power Plant (II), Madhabdi, Narshingdi: NG: 12.0 MW
- Summit Maona Power Plant, Sreepur Gazipur: NG: 35.0 MW
- Summit Meghnaghat Power Plant (I), Sonargaon, Narayanganj: NG: 315 MW
- Summit Narayanganj Power Plant (I), Bandar, Narayanganj: HFO: 103.0 MW
- Summit Narayanganj Power Plant (I), Bandar, Narayanganj: HFO: 62.0 MW
- Summit Rupganj Power Plant, Rupganj, Narayanganj: NG: 35.0 MW
- Summit Ullapara Power Plant, Ullapara, Sirajganj: NG: 12.0 MW
UNDER CONSTRUCTION & PROPOSED
- Summit Anowara Power Plant (I), Anowara, Chittagong: HFO: 200 MW (Proposed)
- Summit Anowara Power Plant (I), Anowara, Chittagong: NG: 660 MW (Proposed)
- Summit Barisal Power Plant, Rupatoli, Barisal: HFO: 120 MW (Under Construction)
- Summit Gazipur Power Plant (III), Kodda, Gazipur: Duel Fuel: 149.0 MW (Proposed)
- Summit Meghnaghat Power Plant (II), Sonargaon, Narayanganj: Duel Fuel: 350 MW
* HFO: Heavy Fuel Oil, KPCL: Khulna Power Company Limited, NG: Natural Gas
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