Fri10242014

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Summit Power Limited (SPL)

Summit Power Limited (SPL), a subsidiary of Summit Groupis the first Bangladeshi Independent Power Producer (IPP) inBangladesh in private sector providing power to national grid. SPLwas incorporated in Bangladesh on March 30, 1997 as a PrivateLimited Company. On June 7, 2004 the Company was convertedinto Public Limited Company under the Companies Act 1994.

Today Summit Power Limited owns and operates 08 (eight) power plants at different locations across the country having a total capacity of 317 MW. Its plants aremanufactured by world famous technotex companies, i.e. Wartsila – Finland, Caterpillar - USA, and GE Jenbacher, Austria. All of itspower plants run 24 hours a day to support the national grid. Due to Company’s practice of Integrated Management System, it hasbeen certified by ISO 9001: 2008 - Quality Management System, ISO 14001: 2004 - Environmental Management System and OSHAS18001: 2007 - Occupational Health and Safety Management System certificates.

Summit Power Limited holds 17.64% of the ownership of Khulna Power Company Limited (KPCL). That means 50 MW (approximately) has been added with that of SPL being the total capacity of 367 MW.This fast-growing company has set a mission to expand the company with a power generation capacity to the tune of a modest 20%of the electricity requirement in Bangladesh. In the way to this mission to enlighten the nation, recently, the Company is going toimplement two new power plants with a total generation capacity of 165 MW.

Due to Management’s dedication, integrity and leadership, the Company has been applauded locally and internationally by severalawards, like – Best Fast Track Power Project Award by Asian Power Awards,International Star for Leadership in Quality Award byBusiness InitiativeDirections (BID), Best Corporate in the Power Sector under ICMAB Best Corporate Award, ICAB National Awardfor Best Published Accounts and Reports, ICAB National Award for Best Presented Annual Reports, Best Power Generation Companyaward of 2013 in private sector power generation at national level etc.