To install click the Add extension button. That's it.

The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. You could also do it yourself at any point in time.

4,5
Kelly Slayton
Congratulations on this excellent venture… what a great idea!
Alexander Grigorievskiy
I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
Live Statistics
English Articles
Improved in 24 Hours
Added in 24 Hours
Languages
Recent
Show all languages
What we do. Every page goes through several hundred of perfecting techniques; in live mode. Quite the same Wikipedia. Just better.
.
Leo
Newton
Brights
Milds

From Wikipedia, the free encyclopedia

Summit Group
Company typePublic
IndustryCommunication, Trading, Energy & Power, Shipping
HeadquartersBangladesh HQ: Dhaka, Bangladesh Global HQ: One Raffles Place, Singapore[1]
Key people
Muhammed Aziz Khan (Chairman)
RevenueIncrease US$1.2 billion (2019)
Increase US$100 million (2019)
Total assetsIncrease US$2.5 billion (2019)[2]
Owner
ParentJERA[3]
Websitewww.summitpowerinternational.com

Summit Group is one of the largest Bangladeshi conglomerates. The industries under this conglomerate include communication, trading, energy and power, shipping.[4][5]

YouTube Encyclopedic

  • 1/5
    Views:
    629
    1 023
    566
    364
    465
  • Summit Oil & Shipping Company Ltd | TV Commercial | 2016
  • 2017 Sep 8th, Summit: Behavioral Health Payment and Care Delivery Innovation (Morning Session)
  • Nathan Johnson: An IoT Transportation Revolution | Perspectives from The Summit
  • PRiME 2020 - The Electrochemical Energy Summit (E2S): The Electrification of Transportation
  • The Future of Delivery // Health Innovation Summit

Transcription

History

Summit Power Limited was established on 30 March 1997 in Dhaka, Bangladesh.[6] Muhammed Aziz Khan is the founding chairman of Summit.[7] It is a subsidiary of Summit Power International based in Singapore.[6] On 7 June 2004, Summit Power was made into a public limited company.[6]

In September 2007, the Anti-Corruption Commission sued former Prime Minister Sheikh Hasina for allegedly taking a 30 million BDT bribe from Summit Group, Wärtsilä, and United Group in return for a 100 mW powerplant in Khulna.[8] The bribe was used to buy a property in Dhanmondi under the Bangabandhu Memorial Trust.[8] The other accused in the case were Abul Kalam Azad, Nooruddin Mahmud Kamal, Tawfiq-e-Elahi Chowdhury, Muhammed Aziz Khan, Hasan Mahmud Raja, and Farid Khan.[8]

Summit Communication received Nationwide Telecommunication Transmission Network license from Bangladesh Telecommunication Regulatory Commission in 2009,[9] and laid down the largest fibre optic cable network in Bangladesh.[10]

In January 2011, Summit Group signed an agreement with World Bank to finance the purchase of equipment from General Electric worth US$115 million for Bibiyana power plant.[11]

In November 2012, Summit Group signed an agreement with China Energy Group to cooperate in the energy sector.[12]

Taiyo Life Insurance purchased 12.6 percent of Meghnaghat power plant from Summit Group in 2013 for US$20.3 million.[13]

In July 2014, Summit Group received a US$190 million loan from Standard Chartered Bank for a powerplant in Narayanganj District to be built by its subsidiary Summit Meghnaghat Power Company Limited.[14]

In 2016, Summit Group formed Summit Technopolis, a joint venture with Indian company Infinity Infotech Parks Limited, to build a hi-tech park in Gazipur.[15] Summit Group merged Summit Purbanchol Power Company, Summit Narayanganj Power, and Summit Uttaranchal Power Company under Summit Power.[16] Aziz Khan was appointed the honorary counsel general of Finland in Bangladesh.[17]

In April 2017, Summit Group secured a loan from The City Bank for Summit Barisal Power Limited and Summit Narayanganj Power Unit II Limited.[18] It signed an agreement with Bangladesh Power Development Board to build 149MW power plant in Gazipur District.[19] Wärtsilä would supply the equipment for the Gazipur plant.[20] Faisal Khan was appointed additional managing director of Summit Group in July 2017.[21] It received permission to establish a liquefied natural gas terminal in Moheshkhali.[22] The group would invest 3 billion USD to build the terminal with Mitsubishi Corporation.[23] The terminal was given a 15 year tax exemption by the National Board of Revenue.[24]

In 2018, the chairman of Summit, Aziz Khan, was the 34th richest man in Singapore.[25] Summit Alliance Port East Gateway, a subsidiary of Summit Group, received contract for three river terminals in India from the Inland Waterways Authority of India.[26]

In April 2019, Summit Group started supplying the national grid with Liquefied natural gas.[27] In October 2019, JERA purchased a 22 percent of Summit Power International for US$330 million.[28] The company announced plans to invest five billion USD next five years with 60 percent of the investment coming from JERA.[29] It announced a US$500 million joint investment with JERA to build the Matarbari Power Plant.[30]

In May 2020, Summit Group received US$140 million from Clifford Capital Pte Ltd and Sumitomo Mitsui Banking Corporation for the Summit Gazipur II Power Plant.[31] Summit established the Hamiduzzaman Sculpture Park in its Gazipur powerplant.[32]

In 2022, the chairman of Summit, Aziz Khan, was the 42nd richest man in Singapore.[33] According to The Daily Star, Summit Group received the second highest capacity charge from the government of Bangladesh at 12.57 percent of capacity charge payments.[34]

List of companies

  • Summit Industrial & Mercantile Corporation (Pvt.) Ltd.[35]
  • Cosmopolitan Communications Limited.[36]
  • Cosmopolitan Traders (Pvt.) Ltd.[37]
  • Cosmopolitan Finance Ltd.[38]
  • Summit Power Limited.[39]
  • Summit Turbine Division.[40]
  • Summit Shipping Ltd.[41]
  • Summit Communications Ltd.[42]
  • Summit Alliance Port Limited
  • United Summit Coastal Oil Ltd.
  • Summit Asia Pacific Pte. Ltd.
  • Resources & Solutions Ltd.
  • Summit Developers Ltd.
  • Summit Towers Ltd.
  • Summit Technopolis[15]
  • Khulna Power Company Limited (associated company)[43]

Projects

  • Summit LNG Terminal[43]
  • Summit Meghnaghat Power Company Limited[43]
  • Summit Bibiyana Power Company Limited[43]
  • Summit Gazipur II Power Limited (Summit Gazipur II Power Plant)[43]
  • Summit Gazipur I Power Limited (Summit Gazipur I Power Plant)[43]
  • Summit Barisal Power Limited (Summit Barisal Power Plant)[43]
  • Summit Narayanganj Power Unit II Limited[43]
  • Ashulia Power Plant II[43]
  • Narayanganj Power Plant I[43]
  • Maona Power Plant[43]
  • Madhabdi Power Plant II[43]
  • Jangalia Power Plant[43]
  • Chandina Power Plant II[43]
  • Rupganj Power Plant[43]
  • Ullapara Power Plant[43]
  • Ashulia Power Plant I[43]
  • Chandina Power Plant I[43]
  • Madhabdi Power Plant I[43]
  • Khulna Power Company Limited Power Plant I[43]
  • Khulna Power Company Limited Power Plant II[43]
  • Khulna Power Company Limited Power Plant III[43]

Board of directors

Name Position Reference
Muhammed Aziz Khan Chairman [44]
Ayesha Aziz Khan Managing Director [44]
Toshiro Kudama Director [44]
Takeshi Takahashi Director [44]
Latif Khan Director [44]
Faisal Karim Khan Director [44]
Adeeba Aziz Khan Director [44]
Azeeza Aziz Khan Director [44]
Suresh Prabhakar Prabhu Director [44]
Tang Kin Fei Director [44]

See also

References

  1. ^ "Summit Power International Limited, Summit Group, Summit Power, Summit Power Bangladesh, Summit Power Singapore". 24 August 2017.
  2. ^ "Summit to invest $5b in infrastructure in 5 years". 30 October 2019.
  3. ^ "Japan's JERA invests $330m to buy 22% stake in Summit". 7 October 2019.
  4. ^ "Summit inks energy deal with Chinese company". The Daily Star. 2012-11-22. Retrieved 2016-10-29.
  5. ^ "Summit Power buys 64% stake in Ace Alliance Power | Dhaka Tribune". Dhaka Tribune. 2016-09-22. Retrieved 2016-10-29.
  6. ^ a b c "Summit Power International Limited, Summit Group, Summit Power, Summit Power Bangladesh, Summit Power Singapore". Summit Power International. 2017-11-24. Retrieved 2023-04-18.
  7. ^ Report, Star Digital (2022-09-06). "Summit supports migrant workers in Singapore". The Daily Star. Retrieved 2023-04-18.
  8. ^ a b c Staff Correspondent (2007-09-03). "Tk 3cr graft case against Hasina". The Daily Star. Retrieved 2023-04-18.
  9. ^ "Summit gets NTTN licence". The Daily Star. 2009-12-22. Retrieved 2023-04-18.
  10. ^ Hasan, Mahmudul (2022-12-08). "Summit: a major player in ICT infrastructure". The Daily Star. Retrieved 2023-04-18.
  11. ^ "Summit strikes deals to finance three power projects". The Daily Star. 2011-01-30. Retrieved 2023-04-18.
  12. ^ "Summit inks energy deal with Chinese company". The Daily Star. 2012-11-22. Retrieved 2023-04-18.
  13. ^ "Japanese life insurer partners with Summit". The Daily Star. 2013-06-11. Retrieved 2023-04-18.
  14. ^ Rahman, Md Fazlur (2014-07-16). "StanChart raises $190m for Summit power plant". The Daily Star. Retrieved 2023-04-18.
  15. ^ a b "Summit Technopolis begins building hi-tech park". The Daily Star. 2016-02-29. Retrieved 2023-04-18.
  16. ^ Chowdhury, Sarwar A. (2016-03-17). "Summit merges power subsidiaries". The Daily Star. Retrieved 2023-04-18.
  17. ^ "Summit's Aziz Khan becomes Finland's honorary consul general". The Daily Star. 2016-06-02. Retrieved 2023-04-18.
  18. ^ "City Bank arranges debt financing for two power plants of Summit Group". The Daily Star. 2017-04-23. Retrieved 2023-04-18.
  19. ^ "Summit Group signs 149MW power deals". The Daily Star. 2017-04-13. Retrieved 2023-04-18.
  20. ^ "Wärtsilä to supply equipment for Summit's 300MW power plant". The Daily Star. 2017-08-20. Retrieved 2023-04-18.
  21. ^ "Summit Group appoints new additional managing director". The Daily Star. 2017-07-17. Retrieved 2023-04-18.
  22. ^ Byron, Rejaul Karim (2017-04-04). "Summit Group to get nod for LNG terminal this week". The Daily Star. Retrieved 2023-04-18.
  23. ^ "Summit Power to develop $3 billion LNG-to-power Bangladesh project with Japan firms". Reuters. 2018-03-13. Retrieved 2023-04-18.
  24. ^ "Summit LNG gets 15-yr tax break". The Daily Star. 2018-11-01. Retrieved 2023-04-18.
  25. ^ "Summit's Aziz 34th richest in Singapore: Forbes". The Daily Star. 2018-08-16. Retrieved 2023-04-18.
  26. ^ "Summit to operate three river terminals in India". The Daily Star. 2018-11-06. Retrieved 2023-04-18.
  27. ^ "Summit Group starts supply of LNG". The Daily Star. 2019-04-30. Retrieved 2023-04-18.
  28. ^ "Japan's JERA acquires 22pc stake of Summit Power for $330m". The Daily Star. 2019-10-08. Retrieved 2023-04-18.
  29. ^ Rahman, Sajjadur (2019-10-30). "Summit to invest $5b in infrastructure in 5 years". The Daily Star. Retrieved 2023-04-18.
  30. ^ "Summit, JERA Asia team up for $500m energy project". The Daily Star. 2019-05-30. Retrieved 2023-04-18.
  31. ^ Report, Star Online (2020-05-15). "Summit secures $140 million in financing from Clifford Capital, Japan's SMBC". The Daily Star. Retrieved 2023-04-18.
  32. ^ Alom, Zahangir (2020-02-02). "Summit's 'Hamiduzzaman Sculpture Park' in the making". The Daily Star. Retrieved 2023-04-18.
  33. ^ "Summit's Aziz Khan 42nd richest in Singapore: Forbes". The Business Standard. 2022-09-08. Retrieved 2023-04-18.
  34. ^ Islam, Zyma (2022-08-31). "Capacity payments for power plants: One third goes to three firms". The Daily Star. Retrieved 2023-04-18.
  35. ^ "Hi-tech park nears reality". The Daily Star. 2015-06-26. Retrieved 2016-10-29.
  36. ^ "Summit: a major player in ICT infrastructure". The Daily Star. 2022-12-08. Retrieved 2023-03-07.
  37. ^ "Cosmopolitan Traders (Pvt.) Ltd.: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-10-29.
  38. ^ "Cosmopolitan Finance Limited: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-10-29.
  39. ^ "Summit Wins ICMAB Best Corporate Award 2015 - Energy Bangla". Energy Bangla. 2016-10-27. Retrieved 2016-10-29.
  40. ^ "Summit powers up project with foreign funds". The Daily Star. 2015-06-04. Retrieved 2016-10-29.
  41. ^ "Summit's new vice-chairman". The Daily Star. 2010-02-14. Retrieved 2016-10-29.
  42. ^ "Summit Communications Limited - Membership". Membership. 2015-11-09. Retrieved 2016-10-29.
  43. ^ a b c d e f g h i j k l m n o p q r s t u v "Summit Power International Limited, Summit Group, Summit Power, Summit Power Bangladesh, Summit Power Singapore". Summit Power International. 2017-08-24. Retrieved 2023-04-18.
  44. ^ a b c d e f g h i j "Summit Power International Limited, Summit Group, Summit Power, Summit Power Bangladesh, Summit Power Singapore". Summit Power International. 2017-08-22. Retrieved 2023-04-18.

External links

This page was last edited on 23 March 2024, at 00:35
Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.