Page 10 - Summit Power News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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. 

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