29 January 2018


Summit Power Limited wins ICMAB Best Corporate Award fifth times in a row

Photo Caption: On behalf of Summit Power Limited, Managing Director Lt Gen (Retd) Eng Abdul Wadud and Company Secretary Swapon Kumar Pal, ACA received the prestigious ICMAB Best Corporate Award 2016 in the Power Generation and Distribution category from the Honorable Finance Minister Abul Maal Abdul Muhith.

Media Release (Dhaka) – January 29, 2018: The Institute of Cost and Management Accountants of Bangladesh (ICMAB) has awarded Summit Power Limited the first prize in the ICMAB Best Corporate Award 2016 under the power generation and distribution category. This is the fifth time in a row that Summit Power Limited has received this recognition from the ICMAB.

The award giving ceremony was held at the Pan Pacific Sonagaon Hotel, Dhaka on 28thJanuary 2018.The Chairman of Bangladesh Securities and Exchange Commission (BSEC) Professor Dr. M. Khairul Hossain, Chairman of Financial Reporting Council (FRC) C.Q.K. Mustaq Ahmed, President of ICMAB Jamal Ahmed Chowdhury FCMA, Chairman of CABC Committee Mohammad Ali Newaz FCMA and Vice Chairman of Summit Power LimitedMd Latif Khan, Managing Director of Summit Gazipur II Power Ltd Engr Md Mozammel Hossain were also present among the dignitaries.

About Summit Power Limited:
Summit Power Limited (SPL) is the leading private power producer of Bangladesh and a publicly listed company in Dhaka and Chittagong Stock Exchanges. Presently Summit Group is supplying 1,490 MW electricity to the National Power Grid. In addition, Summit Power Limited is constructing two new power plants in Kodda, Gazipur with capacity of generating 449 MW electricity which are expected to come into operation by early 2018.

Power generation concerns of Summit Group has received four consecutive the best power plant awards from government of Bangladesh since 2013. Summit Power Limited has received AAA long term credit rating from CRISL since March 2017.

About ICMAB Best Corporate Award:
Since 2007, the award was introduced as a noble initiative to recognize the invaluable contribution made by the corporate entities in Bangladesh’s different sectors and encourage increased competitiveness among the enterprises for better efficiency. This year The Institute of Cost and Management Accountants of Bangladesh (ICMAB) awarded twenty-seven companies under eleven different categories for Best Corporate Award 2016.

For further enquiries:
Mohsena Hassan | E: | M: +88 0171 308 1905

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