Summit and JERA Asia to develop a large energy infrastructure in Matarbari area in Cox's Bazar, Bangladesh
Photo caption: Director of Summit Group Faisal Khan (left) and CEO of JERA Asia Toshiro Kudama (right) ink the large energy infrastructure project in Matarbari area in Cox's Bazar, Bangladesh in the gracious presence of the Honorable Prime Minister Sheikh Hasina during her visit to Japan.
To achieve Sustainable Development Goals (SDG) by 2030 and “Vision 2041” set by the Honorable Prime Minister of the People's Republic of Bangladesh Sheikh Hasina - Summit Corporation and JERA Asia signed a Memorandum of Understanding (MOU) at New Otani Hotel in Tokyo, Japan during the Honorable Prime Minister's state visit to Japan.
Under this MOU, Summit and JERA Asia will initiate a large energy infrastructure project that would include, among others, capable of handling 20 million tons of bulk cargo per annum in Matarbari area in Cox's Bazar, Bangladesh. Faisal Khan, Director of Summit Group and Toshiro Kudama, CEO of JERA Asia signed the MOU on behalf of the respective companies. The signing ceremony was held in the gracious presence of the Honorable Prime Minister of the People's Republic of Bangladesh Sheikh Hasina along with Honorable State Minister, Ministry of Power, Energy and Mineral Resources, Nasrul Hamid MP, the Honorable State Minister, Ministry of Foreign Affairs, Shahriar Alam MP, the Honorable Principal Secretary to the HPM Nojibur Rahman, the Honorable Principal Coordinator of SDG and Chairman of MIDI (Moheshkhali-Matarbari Integrated Infrastructure Development Initiative), Md. Abul Kalam Azad and HE Ambassador of Bangladesh to Japan Rabab Fatima, and Chairman of Summit Group, Muhammed Aziz Khan.
This large energy infrastructure project will provide impetus to Bangladesh's trade by development of various terminals for cargo and primary fuel in Matarbari area in Cox's Bazar. The project is expected to be functional within two years of signing the Project Agreement between Summit, JERA Asia and the Government of Bangladesh with estimated investment of over US$500 million.
Founder Chairman of Summit Group Muhammed Aziz Khan remarked, “This project of Summit with JERA Asia has the potential to save billions of dollars for Bangladesh for years to come by providing logistics and handling thus maintaining supply-chain more efficient enabling Bangladesh to achieve each of her visions.”
CEO of JERA Asia Toshiro Kudama remarked, “By signing this MOU, we would like to further accelerate the development of energy infrastructure projects in Bangladesh together. JERA would like to work together and would like to support a very important country for us -- Bangladesh, with our investment and bringing state-of-the-art technologies and our excellence in management.”
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