Page 5 - Summit Power News Today

Three Summit Power stations get five-year extension with no capacity charge The government will not need to pay for the time the power stations sit idle – a bill known as capacity charge in the sector

The mutual fund industry in Bangladesh, with assets exceeding Tk16,000 crore, aims to generate long-term wealth for its investors through risk-adjusted strategies. It tends to concentrate its investments in a select number of investment-grade stocks. At the forefront of this strategy is Renata, the descendant of Pfizer following its divestment in Bangladesh.

  DHAKA, May 20, 2023 (BSS) - State Minister for Power, Energy and Mineral  Resources Nasrul Hamid today said that the government

State Minister for Power, Energy and Mineral Resources has urged the businessmen to stop the use of illegal gas connections

JERA has signed a MoU with Summit Corporation to collaborate on the development of LNG supply, storage, and regasification.

Summit JERA MoU: Summit Corporation Limited, a subsidiary of Summit Power International Limited, today said it has signed a memorandum of understanding with JERA Asia Pte Ltd.

Jera and Summit will collaborate in LNG storage and regasification, and the long-term supply of LNG to Bangladesh.

The business sector in Bangladesh has been going through severe challenges for the past four years, which, for many, have been the toughest period in decades, with the coronavirus pandemic being the dominant factor in the early part before the Russia-Ukraine war broke out.

Bangladesh Bank yesterday allowed banks to keep private sector power producers out of the purview of the single borrower exposure limit when giving them loans for the import of raw materials, including fuel oil. 

Every nation needs INSPIRERS – people who, through their vision, self-belief, leadership, and hard work bring about changes that nobody thought would be possible. They change what most people take to be unchangeable reality and create potential where none thought existed.