Summit Power holds EGM
Thursday, 13 December 2007
FE Report
Summit Power Limited held its 10th Extra-Ordinary General Meeting (EGM) Wednesday to pass a Special Resolution for incorporating a new qualifying object clause in the Memorandum of Association of the Company to assure the lenders for repayment of facilities granted to any associate or subsidiary company.
The shareholders of the leading private power company, also a listed issue on the stock exchanges present at the EGM held in the city approved the incorporation of the new qualifying object clause in the Memorandum of Association subject to the permission of the High Court Division of the Supreme Court of Bangladesh on petition under Section 13 of the Companies Act, 1994.
Presided over by director Syed Fazlul Haque FCA, the meeting was also attended by Tauhidul Islam, Managing Director; Md. Latif Khan, director; Ayesha Aziz Khan, director; Tapan Krishna Podder, director; Helal Uddin Ahmed, director; Mahmud Hasan, Financial Controller and Company Secretary and other senior officials of the company.
Summit Power Limited has successfully established in the year 2001 three power plants each with 11 MW capacity for sale of electricity to Rural Electrification Board (REB) under Build, Own and Operate basis at Savar, Narsingdi and Comilla. The company has already expanded its total generation capacity to 105 MW. Summit Power Limited is also going to implement another four power plants totaling a capacity of 110 MW. Out of the four power plants, three will be of 33 MW each located at Jangalia, in Comilla, Rupganj in Narayanganj, Maona in Gazipur and one of 11 MW, located at Ullapara in Sirajganj through its two subsidiary Summit Uttaranchol Power Company Limited and Summit Purbanchol Power Company Limited.
With the establishment of the new projects generation capacity will be raised to 215 MW.
Summit Power Limited held its 10th Extra-Ordinary General Meeting (EGM) Wednesday to pass a Special Resolution for incorporating a new qualifying object clause in the Memorandum of Association of the Company to assure the lenders for repayment of facilities granted to any associate or subsidiary company.
The shareholders of the leading private power company, also a listed issue on the stock exchanges present at the EGM held in the city approved the incorporation of the new qualifying object clause in the Memorandum of Association subject to the permission of the High Court Division of the Supreme Court of Bangladesh on petition under Section 13 of the Companies Act, 1994.
Presided over by director Syed Fazlul Haque FCA, the meeting was also attended by Tauhidul Islam, Managing Director; Md. Latif Khan, director; Ayesha Aziz Khan, director; Tapan Krishna Podder, director; Helal Uddin Ahmed, director; Mahmud Hasan, Financial Controller and Company Secretary and other senior officials of the company.
Summit Power Limited has successfully established in the year 2001 three power plants each with 11 MW capacity for sale of electricity to Rural Electrification Board (REB) under Build, Own and Operate basis at Savar, Narsingdi and Comilla. The company has already expanded its total generation capacity to 105 MW. Summit Power Limited is also going to implement another four power plants totaling a capacity of 110 MW. Out of the four power plants, three will be of 33 MW each located at Jangalia, in Comilla, Rupganj in Narayanganj, Maona in Gazipur and one of 11 MW, located at Ullapara in Sirajganj through its two subsidiary Summit Uttaranchol Power Company Limited and Summit Purbanchol Power Company Limited.
With the establishment of the new projects generation capacity will be raised to 215 MW.