Market digest

JERA, Summit chiefs meet PM

Business Desk

26 February, 2020 12:00 AM printer

President of Japan’s Energy for a New Era (JERA) Satoshi Onoda and founder Chairman of Summit Group Muhammed Aziz Khan met Prime Minister Sheikh Hasina in the capital on Monday.

Prime Minister was happy to see the private sector partnership of Summit and JERA in developing infrastructure, as this reflects friendship between the two countries, said a press release.

 Japanese Ambassador in Bangladesh Naoki Ito also appreciated the two very large companies both the countries have partnered for the progress of Bangladesh.

Satoshi Onoda informed the Prime Minister about the ongoing project of Summit-JERA-GE consortium building a 583 MW Combined Cycle Power Plant (CCPP) in Meghnaghat which is expected to be the largest CCPP plant in Bangladesh when completed in 2022.

He also expressed Summit-JERA-Mitsubishi consortium’s desire to invest in on-shore LNG terminal in Matarbari to ensure progress of Bangladesh. Muhammed Aziz Khan, Chairman of Summit Group, also reiterated along with Satoshi Onoda their desire to invest more and provide novel solutions for Bangladesh.

In addition, Adviser to the Prime Minister on Power, Energy and Mineral Resources Affairs Dr Tawfiq-e-Elahi Chowdhury, State Minister for Power, Energy and Mineral Resources Nasrul Hamid, Secretary to the Prime Minister’s Office (PMO) Md Tofazzel Hossain Miah, Japanese Ambassador in Bangladesh Naoki Ito, CEO of JERA Asia Toshiro Kudama, Managing Director and CEO of Summit Power International Ayesha Aziz Khan were also present on the occasion.