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 of a 22-year Power Purchase Agreement (PPA) between Summit Meghnaghat II Power Company Limited (SMIIPCL), a subsidiary of Summit Group, and the Bangladesh Power Development Board (BPDB). SMIIPCL also signed several other agreements, with the Government of Bangladesh, Power Grid Company of Bangladesh (PGCB), Bangladesh Petroleum Corporation (BPC) and Titas Gas Transmission and Distribution Company Limited. The power plant is expected to be operational by 2022 and will generate the equivalent electricity needed to supply up to 700,000 homes in Bangladesh.

Summit and GE Power signed the equipment and engineering, procurement, and construction (EPC) scope of the project in 2017, while the services agreement was signed in 2018. Together, the two agreements are worth approximately $390 million.

GE Power will be providing the turnkey solution for the Summit Meghnaghat II power project, and is responsible for the design of the facility, supply and installation of the equipment and commissioning works. The equipment being provided by GE includes one 9HA.01 gas turbine, one heat recovery steam generator (HRSG), one steam turbine generator, condenser and associated systems, as well as balance of plant (BOP) solutions. Additionally, GE will provide services including the maintenance and repairs of the power generation equipment at the facility for a period of 20 years, helping to sustain the efficiency, reliability, performance and availability of the plant.