Summit Power Ltd.
Incorporated in Singapore, Summit Power International (SPI) is a leading infrastructure developer and operator in South Asia. SPI comprises a group of businesses, which focus on developing, owning and operating power generating and LNG infrastructure assets. Our 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 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. We are also actively exploring sustainable energy generation opportunities in Bangladesh, the neighbouring countries and in Southeast Asia. We identify portfolio-enhancing opportunities – both greenfield sites and existing power assets – which offer significant value to the power needs of the country and our stakeholders. Under Power Purchase Agreements (PPA), we establish long-term, contractually backed concession agreements with governments and state utilities. In return, Summit Power International receives stable revenue streams based on contracted capacity payments.
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