Power generation reached 10 thousand 825 megawatts. Bangladesh has yet again generated record power in a day. Power Development Board (PDB) spokesman Saiful Hasan Chowdhury said the power plants fed the national grid 10,825 MW at evening on Sunday. Bangladesh’s capability to generate power has increased threefold to 15,000 MW in the eight years of the Awami League’s two consecutive terms. Power generation has also nearly doubled. On Sep 19,... »
The High Court has issued a rule asking why it should not declare the recent decisions to raise the price of wholesale and retail electricity to be illegal. Justice Moinul Islam Chowdhury and Justice Md Ashraful Kamal made the rule after an initial hearing of a petition from the Consumer Association of Bangladesh on Sunday. The petition was filed on behalf of the pro-consumer group by CAB convener and architect... »
Both Summit Corporation Limited (SCL) – the holding company of all power concerns of Summit Group and Summit Power Limited (SPL) – the publicly listed power generation company, have received long term AAA (pronounced as triple A) and short term ‘ST-1’ credit rating by Credit Rating Information & Services Limited (CRISL). CRISL stated that the long term AAA credit rating of SCL and SPL indicates the highest safety and have... »
India’s Prime Minister Narendra Modi shakes hand with his Nepalese counterpart Khadga Prasad Sharma Oli, also known as K.P. Oli, after inspecting a guard of honour upon his arrival in Kathmandu, Nepal May 11, 2018. Indian Prime Minister Narendra Modi on Friday visited Nepal to launch building work with his counterpart KP Sharma Oli on the country’s biggest hydroelectric project, as New Delhi seeks to rebuild trust in the Himalayan... »
Summit, the largest Independent Power Producer (IPP) in Bangladesh has completed construction of another HFO fueled reciprocating power plant with 300 MW capacity. The Summit Gazipur II Power Limited has begun supplying power to the national grid from 5th May 2018. It was implemented as a fast-track project within nine months, a period that was set by Bangladesh Power Development Board (BPDB) and Power Division of the Ministry of Power,... »
A Chinese company named Zhejiang Jindun Pressure Vessel Company Ltd is going to invest a record $5 billion in Bangladesh’s power sector. A deal is likely to be signed between Zhejiang Jindun and Bangladesh Economic Zones Authority (BEZA) regarding this investment within the next one month. The Chinese company was originally willing to set up a 2,640-megawatt coal-fired power plant but the Power Division gave it permission initially to build... »
SINGAPORE is set to have the first Bangladeshi company list on the Singapore Exchange, as electricity producer Summit Power International on Thursday lodged its initial public offering (IPO) prospectus here to raise about US$245 million. Summit is the largest independent power producer in Bangladesh, and owns 15 operational power plants in the country which have an aggregated installed capacity of 1,201 MW. This gives it a 21 per cent market... »