Summit Power International or SPI, a leading independent power producer in Bangladesh, says on its website the project at Matarbarhi, Moheskhali is expected to cost up to $3 billion. Prime Minister Sheikh Hasina and Singapore’s Minister for Trade and Industry Lim Hng Kiang witnessed the signing of the MoU at the Bangladesh-Singapore Business Forum 2018 on Tuesday. Incorporated in Singapore, Summit Power International is a leading developer, owner and operator of high-quality power projects in Bangladesh. Muhammed Aziz Khan, chairman at SPI, said: “This MoU will help SPI support Bangladesh’s fast-growing energy, power and technology needs. It will be a strategic fit for SPI to leverage Mitsubishi’s LNG, and LNG-to-Power expertise as well as the understanding of Bangladesh’s power needs.

Source: bd News24 March 13, 2018 18:00 UTC