Summit Power Ltd.
DDSE:SUMITPOWER15.30
BDT
+0.10
(+0.66%)
ISIN
BD0306SMTP03
Return %
Stock
S&P 500
1Y
9.29
14.20
3Y
-55.00
81.12
5Y
-66.52
68.34
Capital Structure
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Monirul Islam Akhand
- Full Time Employees
- 816
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Dhaka Bangladesh
- IPO Date
- Aug 27, 2005
- Website
- summitpowerinternational.com
- Similar Companies
- Business
- Summit Power Limited is an independent power producer engaged in the generation, transmission, and wholesale supply of electricity to the national grid in Bangladesh. Founded in 1997 and headquartered in Dhaka, Bangladesh, the company operates as the primary power generation subsidiary of Summit Corporation Limited under the multinational energy conglomerate Summit Group. The company operates across the utilities and independent power production industry segments, supplying base-load and peaking electrical power under long-term Power Purchase Agreements primarily to state-run off-takers, including the Bangladesh Power Development Board and the Bangladesh Rural Electrification Board. Summit Power Limited manages a diversified portfolio of generation assets directly and through major operating subsidiaries, including Ace Alliance Power Limited, Summit Gazipur II Power Limited, Summit Barisal Power Limited, and Summit Narayanganj Power Unit II Limited. The company offers a structured portfolio of energy generation assets and utility-grade power products and services, comprising natural gas-fired internal combustion and reciprocating engine power generation; heavy fuel oil-fired thermal power generation; dual-fuel and combined-cycle gas turbine electricity supply; utility-scale power plant development, engineering, procurement, and construction management; plant operation and maintenance services; high-voltage step-up substation management and power evacuation infrastructure; and wholesale electricity scheduling and grid interconnection services. Its operational facilities are strategically located across Bangladesh, maintaining power stations in Gazipur, Narayanganj, Barisal, Ashulia, Madhabdi, Chandina, Rupganj, Jangalia, Maona, and Ullapara. In recent developments, Summit Power Limited has executed strategic portfolio adjustments and operational restructuring to adapt to changing power purchase policies and energy market conditions. Over the past one to two years, the company has undertaken asset rationalization following the expiration of initial power purchase contracts, including the decommission and sale of its 102-megawatt Narayanganj Unit I power plant, while engaging with governmental authorities regarding contract extensions under revised capacity payment and electricity dispatch frameworks. Concurrently, the company has aligned operations with broader Summit Group and Summit Power International expansions, including integration synergies with the newly commissioned 583-megawatt Meghnaghat II combined-cycle gas turbine facility and ongoing strategic partnerships with international energy stakeholders such as JERA, GE Vernova, and Mitsubishi Power. Furthermore, the company continues to pursue fuel diversification and clean energy transitions by exploring utility-scale renewable energy projects and liquefied natural gas infrastructure linkages to enhance long-term generation efficiency and energy security.