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Muhammed Aziz Khan
Muhammed Aziz Khan (Aziz Khan Wikipedia) is the founder and Chairman of Summit Power International Limited, Summit Holdings Ltd and IPCO Developments (Bangladesh) Limited . Summit Group head office in Singapore is the largest infrastructure group in Bangladesh employing over 6,000 people with investments in the energy sector, ports, logistics, information technology and hospitality.
Under the leadership of Muhammed Aziz Khan, Summit set up the first Independent Power Plant in Bangladesh in 1998, Khulna Power Company Limited (KPCL). Currently, Summit generates more than 1,950 megawatts (MW) of electricity and is by far the largest independent power producer in Bangladesh. A further 600 MW of electricity generation facility is presently under construction by the group (75%) and GE (25%) and 2,400 MW is under development. Summit has also set up Bangladesh’s first private off-dock port facility, Summit Alliance Ports Limited which handles about 25% of Bangladesh’s exports volume and about 7% of the country’s imports volume. Summit Communications Limited , another company founded by Mr. Khan is the first company to lay a Bangladesh-wide fibre-optic transmission network. Summit Communication Limited’s fibre optic cables covered 100% of Bangladesh with over 47,000 Kms of laid fibre. The company also connects Bangladesh to India through terrestrial fibre optics and SEA-ME-WE-4 and SEA-ME-WE5 to Singapore and Europe. Summit’s subsidiary, IPCO Hotels Limited & IPCO Developments (Bangladesh) Limited a hospitality and real estate company, is building one five-star hotel (InterContinental), one four-star hotel (Crowne Plaza), a convention hall and 1,000 high-class shops and an office tower beside the Hazrat Shahjalal International Airport of Dhaka.
Summit Power Limited, Summit Alliance Ports Limited and Khulna Power Company Ltd. are subsidiaries of Summit Group and are currently listed in the Dhaka and Chittagong Stock Exchanges with a combined market capitalization of about BDT. 100 Billion.
In 2016, Summit entered into a partnership with IFC of the World Bank Group and co-investors and formed Summit Power International Limited with its registered headoffice in Singapore. Besides, Summit also entered into an agreement with General Electric of USA (GE) for development of gas turbine power plants in the South Asian Region. An MOU was also signed with Wärtsilä of Finland, for cooperation in the Bangladesh, Indonesian market and South Asia.
In the recent past, Summit has entered into a partnership venture with Mitsubishi Corporation of Japan (Mitsubishi 25% & Summit 75%) and has set up FSRU LNG terminal in 6 Km off Moheshkali. In joint venture with Mitsubishi & GE, MOU agreement have been signed to invest another US$3 billion to develop “gas to power solutions” for Bangladesh.
Muhammed Aziz Khan was born in 1955. He has an MBA from the Institute of Business Administration (IBA), University of Dhaka. Mr. Khan is also the Chairman of Siraj Khaleda Trust and former President of Bangladesh Association of Publicly Listed Companies (BAPLC), a member of the Prothom Alo Trust and was also the founder President of Bangladesh Scouts Foundation and Bangladesh Energy Companies’ Association.
Muhammed Aziz Khan is the Honorary Consul General of Finland to Bangladesh.Muhammed Aziz Khan is married to Anjuman Aziz Khan and has three daughters, Ayesha, Adeeba and Azeeza.