Summit Power Limited

Company description

Incorporated in Singapore, Summit Power International (SPI) is a leading infrastructure developer and operator in South Asia. SPI comprises a group of businesses, that focus on developing, owning and operating power-generating and LNG infrastructure assets. Their portfolio produces reliable energy for sale to governments and state utilities, and in return provides long-term, predictable revenue streams for investors.

SPI established Bangladesh’s first independent power plant in 1997, and is now the largest Independent Power Producer (IPP) in the country, reflecting 17% of Bangladesh’s total private installed capacity and 7% of Bangladesh's total installed capacity. SPI owns and operates a total of 18 power plants in operation or under development with a total capacity of 2,255 MW, a further 277 MW through its associate company Khulna Power Company Limited (KPCL), and operates Bangladesh’s second Floating Storage and Regasification Unit and LNG import terminal with a capacity of 500 mmcf/d.

Company details

City:
Singapore
Address:
52-00 One Raffles Place, Tower 1 Singapore 048616
Phone:

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • November 08, 2023

    Preliminary approval granted for 500 MW offshore wind farm in Bangladesh

    Singapore-based Summit Power International has confirmed plans for the next phase of development of a 500-MW offshore wind farm in Bangladesh. The Bangladesh government has granted preliminary approv...

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  • October 14, 2019

    JERA invests US$330 million to buy 22% stake in Summit

    In a move to establish major energy infrastructure, including power generation projects in Bangladesh, JERA Co., has acquired a 22% stake in Summit Power International Limited for US$330 million. Sum...

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  • April 05, 2019

    Summit signs 22-year PPA for upcoming 583 MW gas power plant; GE to co-develop plant in Bangladesh

    Summit and GE Power will proceed with the co-development of Summit Meghnaghat II, a 583 MW combined cycle gas power plant at Meghnaghat, near Dhaka, Bangladesh. The announcement follows the signing o...

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  • March 20, 2018

    MoU signed for US$3 billion LNG-power project in Bangladesh

    Summit Power International has announced that its subsidiary Summit Corporation Limited has signed a Memorandum of Understanding (MoU) with Mitsubishi Corporation and its subsidiar...

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  • September 21, 2016

    IFC, IFC Emerging Asia Fund, and EMA Power Invest $175.5 million in Summit Group to Grow Bangladesh’s Power-Generation Capacity

    IFC, IFC Emerging Asia Fund, and EMA Power have invested US$175.5 million to finance local independent power producer, Summit Group's future power projects in energy-scarce Bangladesh.

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  • May 14, 2015

    Bangladesh's Summit Group and GE finance power plant

    Bangladesh's Summit Group and a unit of General Electric Co. have announced the opening of a 360 MW power plant in the north western district of Sylhet, Bnagladesh.

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  • October 10, 2014

    Summit Power appoints new CEO

    Summit Power has appointed Jason Crew as chief executive officer and member of the board of directors effective Oct. 6, 2014. Current Summit CEO Eric Redman will assume the role of co-chairman of the...

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