"Summit Power Plant becomes the Best 4th time in a row!”
“Summit Barisal Power Limited (SBPL)”, a subsidiary of Summit Group, has once again been awarded the "Best Private Sector Power Generation Unit" Award during the “Power and Energy Week 2016”. This is the 4th year in a row that a Summit Group subsidiary is receiving the award. The award was received from the Honourable Prime Minister by Summit Group Chairman Mr. Muhammed Aziz Khan during the inauguration ceremony of the Power and Energy Week 2016 on December 7th morning at the International Convention City Bashundhara.
The three other Summit Group subsidiaries which have received the “Best Power Generation Project” award were Summit Purbanchal Power Company Ltd. in 2013 from the Prime Minister, and Summit Meghnaghat Power Company Ltd. in 2014 and Summit Bibiyana II Power Company Ltd. in 2015 from the President respectively.
This year's "Best Private Sector Power Generation Unit" award recipient, Summit Barisal Power Ltd., has been playing an important role in reducing electricity shortage in the southern districts since it came into operation. The 110 MW IPP Power Plant achieved its Commercial Operation Date (COD) on 5th April 2016, two months ahead of proposed schedule according to the contract signed between Bangladesh Power Development Board (BPDB) and SBPL. The plant is now providing 110 MW of electricity to the national grid as per the contract and contributing substantially to meet the demand of electricity of the greater Barisal region (150 MW). Specially, an increased number of small and medium sized entrepreneurs and businesses in the region are receiving uninterrupted electricity, which has been a boost to their economic activities and leading to an overall improvement in their standard of living.
The plant is situated on the northeastern bank of Kirtonkhola river in Barisal and equipped with the most efficient Heavy Fuel Oil (HFO) Engines made by world-renowned Wartsila Finland. Summit Oil and Shipping Company Limited (SOSCL) imports and supplies the HFO for the plant. A 7000 MT on-site capacity storage tank facility has been constructed to store HFO which will be sufficient to run the plant for 15 days at a stretch. The fuel is unloaded to the plant’s own jetty constructed by SOSCL adjacent to the plant. Since it started operation, the power plant has been running with above 92% plant factor and maintaining plant availability of 97 %, securing its place among the world’s most efficient power plants.
The complete process of design and construction of the BDT 575 crore Summit Barisal Power Limited project has been implemented under the direct supervision of Wartsila Finland. 70% of the project cost is financed by foreign loans (Islamic Corporation for Development of the Private Sector (ICD), a member organization of the Islamic Development Bank (IsDB) Group and the Infrastructure Development Company Limited (IDCOL). The emission level is restricted to a minimum with the approval of the Department of Environment.