Mr. Muhammed Aziz Khan

Chairman, Summit Group


Panelist

Power & Energy

November 29, 2021   |  11:30am - 12:45pm  |  GMT+6

BRIEF ON EDUCATION: MBA from the Institute of Business Administration (IBA), University of Dhaka.

BRIEF ON PROFESSION: Business person.

BRIEF ON SPECIAL ACHIEVEMENT: Asia's Outstanding Leader at ACES Awards 2020, Business Person of the Year, DHL & Daily Star Business Awards.

BRIEF ON CONTRIBUTION OF YOU AND YOUR ORGANIZATION IN:

  • ECONOMY OF BANGLADESH: The Summit Group has investments in the energy sector, ports, logistics, information technology and hospitality. The group has corporate social responsibility (CSR) activities on education, health and social services, sports and art & culture.
  • LOCAL AND/OR FOREIGN PRIVATE INVESTMENT OF BANGLADESH: In the past decade, under the leadership of Muhammed Aziz Khan, Summit Group has become an international player with presence outside Bangladesh, and partnerships with some of the largest companies around the globe. In 2016, Summit entered into a partnership with IFC of the World Bank Group and co-investors and formed Summit Power International Limited, with its registered head office in Singapore. Besides, Summit also entered into an agreement with General Electric of USA (GE) for development of gas-to-power project in the South Asian Region. An MOU was also signed with wartsila of Finland, for cooperation in the Bangladesh, Indonesian and South Asia. Under his leadership, Summit has accepted investment from JERA Co. Ltd. as a strategic shareholder and Mitsubishi, GE and Taiyo Insurance as equity partners in specific projects. Through Summit Alliance Ports Limited (SAPL), Summit operate ports in Bangladesh, Kolkata and Patna. Summit Power Limited (SPL), Summit Alliance Ports Limited (SAPL) and Khulna Power Company Ltd (KPCL) are subsidiaries of Summit Group and are currently listed in the Dhaka and Chittagong Stock Exchanges with a combined market capitalization of about BDT 100 Billion.
  • GENERATING EMPLOYMENT IN BANGLADESH: Summit Group is the largest infrastructure group in Bangladesh, employing over 6,000 people and, the highest number of engineers in the private sector.
  • TRANSFERRING/DEVELOPING TECHNOLOGY/ KNOWLEDGE / SKILL IN BANGLADESH: Under the leadership of Muhammed Aziz Khan, Summit set up the first Independent Power Plant in Bangladesh in 1998, Khulna Power Company Limited (KPCL). Currently, Summit generates more than 1,950 megawatts (MW) of electricity and is by far the largest independent power producer in Bangladesh. A further 600 MW of electricity generation facility is presently under construction by Summit (75%) and GE (25%) and 2,400 MW is under development. Summit LNG and FSRU LNG terminal having 138,000 m3 off Cox's Bazar stores and regasify LNG. And the 170,000 m3 FSRU terminal is being developed. Summit has also set up Bangladesh's first private off-dock port facility, Summit Alliance Ports Limited which handles about 25% of Bangladesh's export volume and about 7% of the country's import volume. Summit Communications Limited , another company founded by Muhammed Aziz Khan, is the first company to lay a Bangladesh-wide fibre-optic transmission network. Summit Communication Limited's fibre optic cables cover the entirety of Bangladesh, with over 47,000 kilometres of laid fibre. The company also connects Bangladesh to India through terrestrial fibre optics and SEA-ME-WE-4 and SEA-ME-WE5 to Singapore and Europe.
  • DEVELOPING PRODUCT AND SERVICES IN THE BANGLADESH ECONOMY: Power generation, energy trade, ports, logistics, information technology and hospitality.

[Message from the Chairman]:" Deservedly Bangladesh is the best investment destination in the world with ample availability of workers, professionals, land, the macroeconomic conditions are great, rule of law following England & Wales (common law), political stability and a large consumer base. Invest in Bangladesh we at Summit do. "