BD Post Desk
Summit has started supplying another 149MW of electricity to the national grid from Summit Gazipur I Power, raising its share in power generation to 1,941MW, the largest by an independent power producer (IPP) in Bangladesh.
Summit has recently started power generation at 149MW HFO-fueled power plant, Summit Gazipur I Power Limited, also known as Ace Alliance Power Limited, in Kodda on schedule, as assigned by Bangladesh Power Development Board (BPDB) and Power Division of Ministry of Power, Energy and Mineral Resources.
Only about two months earlier on May 9, 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, said a company statement.
Summit Gazipur I Power Limited, a joint venture of Summit Power Limited (SPL) is listed on the DSE and the CSE with 64 percent ownership and remaining by Summit Corporation Limited.
The project agreements — the Power Purchase Agreement (PPA) and Implementation Agreement (IA) of this 149MW power project were signed with the Bangladesh government for a period of 15 years on April 12, 2017.