Of the 18 power plants operated by Summit Group, 13 remain operational while five are currently shut down, the company revealed in a statement. Summit Corporation Limited owns and operates a total of 18 power plants with a total capacity of 2,255 MW and also operates Bangladesh’s second Floating Storage and Regasification Unit (FSRU) with a capacity of 500 million standard cubic feet per day (mmcf/d). Summit Power Limited (SPL), a publicly listed company, along with Summit Corporation Limited, owns 15 power plants with a total 976 MW installed capacity. Presently, three Unit I Power Plants in Ashulia, Madhabdi and Chandina (a total of 33 MW) are in shutdown mode due to gas supply limitations, though these power plants have Power Purchase Agreement (PPA) till November 21, 2028 under “No Electricity, No Payment” basis without guaranteed off-take. Bangladesh calls for finalizing BIMSTEC FTA Meanwhile, Madanganj Power Plant (102 MW, HFO fired) located in Narayanganj is in shutdown mode as BPDB has not placed any electricity demand since mid-August 2024. The Jangalia Power Plant (33 MW gas-fired) is in shutdown mode since initial expiry on June 24, 2024 of the Power Purchase Agreement (PPA) with BPDB. Furthermore, BPDB has not informed any step for renewal of PPA or resumption of operation. The remaining 10 power plants of SPL with installed capacity of 808 MW are in operation. Separately, three turbine power plants, Summit Meghnaghat Power Company Limited, Summit Meghnaghat II Power Company Limited, and Summit Bibiyana Power Company Limited with a total installed capacity of 1,279 MW are operational as well as the Floating Storage and Regasification Unit (FSRU). Govt won’t raise power tariff despite pressure from IMF: Energy Adviser Summit Power Limited (SPL) has requested a time extension till March 31, 2025 for providing year-end (on June 30, 2024) audited financial statements and declaring dividends. SPL is expecting the Annual General Meeting (AGM) to be held between April and May 2025, said the Summit Group.

Muhammad Aziz Khan, Chairman of Summit Group, a business conglomerate of Bangladesh, has again been in the top 50 richest people in Singapore. He is ranked the 41st in the list of the top 50 richest people in Singapore published by the American magazine "Forbes" on Wednesday. Read : Summit's Aziz Khan now 42nd richest man in Singapore Aziz Khan's net worth was $1.12 billion during the publishing of the news. He was ranked the 42nd in the 2022 list of Singapore's richest people by Forbes. His net worth is shown at $1.0 billion. Aziz Khan has taken a step forward in the list of the richest people this year and his wealth has increased to $1.12 billion. While his position is the 41st on the list for Singapore he ranked the 2540th in the list of world millionaires made by Forbes. Read : Post-COVID-19 era offers huge opportunities for Bangladesh: Aziz Khan His net worth in 2021 was $99 crore. Since 2019, his wealth has been increasing continuously. Then in 2022, his wealth increased to a billion dollars. As a result, he is also included in the list of billionaires of Forbes. According to "Forbes", in 2019, Aziz Khan sold 22 percent shares of Summit Power International to the Japanese company JERA for $330 million. Based on that sale price, Summit Power's market value was determined at $1.5 billion. Read : JERA, Summit chiefs Satoshi Onoda, Aziz Khan meet PM

Bangladesh-born Muhammed Aziz Khan, the chairman of Summit Group, has become the 42nd richest man in Singapore on the list of Forbes 2022. His net worth was stated to be $1 billion in the list as of Friday. Khan started Summit as a trading firm but went on to focus on infrastructure. Summit has interests in power, ports, fiber optics and real estate. Read: Forbes features Hasina at 43 on its most powerful women list In 2019, Khan sold a 22% stake in Summit Power International to Japan's JERA for $330 million, which valued the company at $1.5 billion, according to Forbes website. He was also listed among the richest in Singapore by Forbes in 2018. Often called a visionary and now a living legend, his business acumen is only matched by his dedication to improving the lives of others, a philanthropist and avid connoisseur of art. He was recognised as the ‘Global Asian of the Year 2018’ under the Power & Energy category by AsiaOne magazine for his contribution to the sector in 2019. Read: Bangladeshis dominate Forbes 30 Under 30 Asia 2021 list Meanwhile, with a net worth of $15.6 billion, Li Xiting, founder and chairman of medical equipment provider Shenzhen Mindray Bio-Medical Electronics, topped the list of Singapore's 50 wealthiest citizens.

Md Quamruzzaman, former Director of Petrobangla and Managing Director at Rupantarita Prakritik Gas Company Limited (RPGCL), has joined Summit Group as advisor.  He was also Managing Director of two other Petrobangla companies.  Read:Summit Group donates Tk 3 crore to PM Relief Fund to fight coronavirus During his distinguished tenure of 40 years in Petrobangla, he also worked in Gas Transmission Company Ltd (GTCL) and Pashchimanchal Gas Co Ltd (PGCL). Quamruzzaman had led the team that implemented Bangladesh’s first Floating Storage and Regasification Unit (FSRU) and land-based terminal.  An alumnus of Mechanical Engineering of Buet, he later completed another undergraduate degree from the University of Salford, UK on gas engineering and masters in technology management from University of Stirling, UK.  Read:Summit Group sets up a sculpture park on Gazipur 464 MW power plant’s premises On his appointment as the advisor of Summit Group, Md Quamruzzaman said, “Summit is a trailblazer in the power and energy sector in Bangladesh. More recently, Summit has prudently signed an agreement with USA’s Commonwealth LNG for one million tonnes per year (MTPA) of LNG off take. I am looking forward to working on clean energy solutions for the nation.”

Summit Group has contributed Tk 3 crore to the Prime Minister's Relief and Welfare Fund to fight the coronavirus pandemic.  Principal Secretary to the PM Dr Ahmad Kaikaus received the cheque on behalf of her office. Prime Minister Sheikh Hasina thanked the organisations and individuals who donated to her relief and welfare fund l, said a Summit press release. Meanwhile,  Summit Group had presented five thermal scanners for identifying people with high temperature at Dhaka airport and Prime Minister’s Office. Summit is also supporting SEID Trust based in Kamrangirchar, Dhaka to provide support to poor  and disable children who are more vulnerable than the general population.  

President of Japan’s Energy for a New Era (JERA) Satoshi Onoda and founder Chairman of Summit Group Muhammed Aziz Khan met Prime Minister Sheikh Hasina here on Monday.