Summit Power keen to double generation from its 4 plants
Thursday, 18 September 2008
FE Report
The Summit Power Ltd (SPL) has shown interest to double the generation capacity from its four small power plants (SPPs) to feed the starving industrial sector and help mitigate the nagging electricity crisis, officials said.
The SPL, the country's lone privately owned power company listed with the bourses, is scheduled to initiate new electricity generation of over 110 megawatts (MW) from its four new SPPs shortly.
If it can double the capacity, the company's new electricity generation would be 220 MW apart from its existing generation of 105 MW.
Thus the SPL would become the largest local power company having the electricity generation of 325 MW in total.
"We will soon submit a proposal to the power ministry for approval to double the electricity generation capacity from our planned SPPs," acting chairman of Summit Group Latif Khan told the FE Wednesday.
He said the SPL would be able to sell electricity to the government at local currency at the rate fixed for its SPPs, if allowed to double the generation capacity.
The company, which initiated electricity generation in 2001 from three small plants at Savar, Narshingdi and Comilla, is the pioneering local enterprise to produce electricity for the national grid.
Initial electricity generation capacities of the SPLs' three small plants were only 35 MW.
But the company augmented electricity generation by three-folds to 105 MW about a couple of years back, following formal approval from the power ministry to augment electricity generation.
The SPLs additional 70 MW electricity was among the very few new electricity generations during the tenure of the past elected government.
"If the government is interested, the company will again come up augmenting electricity generation from its plants to overcome the country's electricity crisis," Mr Latif Khan said.
He also said that the SPL would also be interested to rehabilitate the country's age-old power units to augment electricity generation and reduce fuel consumption.
The government recently announced a plan to establish public-private partnership to rehabilitate the old and inefficient power units.
The Summit Power Ltd (SPL) has shown interest to double the generation capacity from its four small power plants (SPPs) to feed the starving industrial sector and help mitigate the nagging electricity crisis, officials said.
The SPL, the country's lone privately owned power company listed with the bourses, is scheduled to initiate new electricity generation of over 110 megawatts (MW) from its four new SPPs shortly.
If it can double the capacity, the company's new electricity generation would be 220 MW apart from its existing generation of 105 MW.
Thus the SPL would become the largest local power company having the electricity generation of 325 MW in total.
"We will soon submit a proposal to the power ministry for approval to double the electricity generation capacity from our planned SPPs," acting chairman of Summit Group Latif Khan told the FE Wednesday.
He said the SPL would be able to sell electricity to the government at local currency at the rate fixed for its SPPs, if allowed to double the generation capacity.
The company, which initiated electricity generation in 2001 from three small plants at Savar, Narshingdi and Comilla, is the pioneering local enterprise to produce electricity for the national grid.
Initial electricity generation capacities of the SPLs' three small plants were only 35 MW.
But the company augmented electricity generation by three-folds to 105 MW about a couple of years back, following formal approval from the power ministry to augment electricity generation.
The SPLs additional 70 MW electricity was among the very few new electricity generations during the tenure of the past elected government.
"If the government is interested, the company will again come up augmenting electricity generation from its plants to overcome the country's electricity crisis," Mr Latif Khan said.
He also said that the SPL would also be interested to rehabilitate the country's age-old power units to augment electricity generation and reduce fuel consumption.
The government recently announced a plan to establish public-private partnership to rehabilitate the old and inefficient power units.