Summit inks energy deal with Chinese company | The Daily Star
12:00 AM, November 22, 2012 / LAST MODIFIED: 12:00 AM, November 22, 2012

Summit inks energy deal with Chinese company


Muhammed Aziz Khan, chairman of Summit Group, attends a programme where the company signed a deal with China Energy Group in China recently. Qian Xuegang, president of the First Northeast Electrical Power Construction Company, a group member of China Energy, was also present. Photo: Summit

The country's Summit Group has recently signed a deal with the largest government-owned Chinese company, China Energy Group, to develop Bangladesh's energy sector.
The deal was also signed to support Summit's foray into neighbouring countries, including Bhutan and Cambodia, according to a statement of Summit yesterday.
Abdul Motaleb Sarkar, charge de affairs of Bangladesh in China; Qian Xuegang, president of Northeast Electric Power Engineering Company (NEPC); and Muhammed Aziz Khan, chairman of Summit Group, attend the deal signing ceremony.
Pan Li Guo, Tieling city party secretary of Communist Party of China, welcomed the Summit Group chairman while a team of Summit was visiting Shenyang, the fourth largest city of China.
"This is a great beginning of electricity cooperation between the private sector of China and Bangladesh," said Sun Delan, deputy mayor of Tieling Municipal of Liaoning Province.
She also assured of providing full support to implement Bibiyana and Meghnaghat projects on time.
Summit is now working to generate hydro electricity in Bhutan while China Energy was involved in implementing Three Gorges Dam, the world's largest hydro power generator of 22,500 megawatt in China.
Earlier, Summit Bibiyana II Power Company, a venture of Summit Group, and China Energy Group and First NEPC, a group member of China Energy, signed a $220 million deal on engineering, procurement and construction (EPC) of a 341MW power project in Habiganj.
Meanwhile, another of Summit's company, Summit Meghnaghat Power Co, signed an EPC agreement with China National Electric Engineering Co (CNEEC) worth $250 million.
Zhao Ruolin, CNEEC president, and Xuegang of NEPC along with the Summit Group chairman voiced their confidence of making the power plants ready to supply electricity to the national grid of Bangladesh on schedule.

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Grameenphone:
Type START <space> BR and send SMS it to 22222

Robi:
Type START <space> BR and send SMS it to 2222


Banglalink:
Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News

Top