PROJECT

Projects

Summary of Investment Information

Project Number

37593

Company Name

SUMMIT POWER INTERNATIONAL PTE LTD

Date SPI Disclosed

May 27, 2016

Country

Bangladesh

Region

South Asia

Projected Board Date

Jul 28, 2016

Environmental Category

A - Significant

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Aug 4, 2016
Signed : Aug 8, 2016
Invested : Aug 24, 2016

Sector

Electric Power Other (Including Holding Companies)

Project Description

Summit Corporation Limited (SCL) is a company incorporated in Bangladesh and owned by the Khan Family. SCL is a leading Independent Power Producer (IPP) in Bangladesh and is looking to undertake 715 MW of new power projects over the next three years in the country. The Project would enhance provision of electricity in Bangladesh where almost 25% of the 159.1 million inhabitants lack access to grid connected power.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation