MEDIA & NEWS ARTICLE
IMAGE GALLERY
PRESS RELEASE
JERA invests USD 330 million to buy 22% stake in Summit
In a move to establish major energy infrastructure, including power generation projects in Bangladesh, Japan’s largest energy company JERA Co., Inc. (“JERA”), has acquired a 22% stake in Summit Power International Limited (“Summit”) for USD 330 million. Summit is the largest independent power producer (IPP) in fast growing Bangladesh.
Energypac inks JV agreement with EMA Power Investment
Energypac Power Venture Ltd. (EVPL), a subsidiary of Energypac, has signed a joint-venture agreement with EMA Power Investment Ltd. bringing in $16 million foreign direct investment (FDI) in the country’s booming power sector, said a press release.
AWARD AND MILESTONES
2017
Best Bangladesh Deal at FinanceAsia Achievement Awards 2017
Summit’s deal of syndicated loans worth USD 79.67
million for Summit Barisal Power and Summit
Narayanganj Power for 12 year and 10.5 year was
awarded the Best Bangladesh Deal by FinanceAsia
Achievement Awards 2017.
2018
Best Private Power Generation Company Award IN 2018
Summit Power was awarded the prestigious Best Private Power GenerationCompany in recognition of fastest implemented power plant in the country.Summit had completed construction-to-power generation of 300 MW power plant in Kodda, Gazipur in only nine months.