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Summit Power International

Founded by : Sunil Chandna, 1 January 2016

Singapore
Independent Power and Renewable Electricity Producers
Less than 50 employees
http://www.summitpowerinternational.com

About the Company

Summit Power International Ltd (“SPIL”), headquartered in Singapore, is the largest Independent Power Producer (IPP) in Bangladesh reflecting 17% of Bangladesh’s total private installed capacity and 7% of nation's total installed capacity. In addition, it owns and operates a Floating Storage and Regasification Unit (FSRU) vessel and supplies 500 million cubic feet per day (mmcfd) of re-gasified gas to Bangladesh. In 2019, Summit received equity investment that received equity investment from Mitsubishi Corporation. In 2019, JERA Co., Inc. (“JERA”), had acquired a 22% stake in Summit Power International. Recently, it has proposed for the country's third FSRU and the Cabinet Committee on Economic Affairs has approved the proposal in principle mid-June 2023. Currently the near-completion project is the Meghnaghat II, a dual-fuel CCGT GE H Class plant with gross capacity of 590 MW on Gas.

Industry Type

According to the GICS (Global Industry Classification Standard) version of March 2023, Summit Power International’s industry classification falls within the following categories:
  • Sector: Utilities
  • Industry group: Utilities
  • Industry: Independent Power and Renewable Electricity Producers
  • Sub-Industry: Independent Power Producers & Energy Traders
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Company Address

1 Raffles Pl, #52-00, Singapore 048616

Source : Google maps

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