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THE COMPANY

Summit Purbanchol Power Company Limited (SPPCL) is a subsidiary of Summit Power Limited and sponsored by Summit Industrial and Mercantile Corporation (Pvt.) Ltd. The Company established in 2007 as Independent Power Producer (IPP) and successfully entered in the business by implementing two power plant projects of 33 MW capacity each at Rupganj, Narayanganj and Jangalia, Comilla.


Out of the two, the Jangalia Power Plant (Comilla) project was set up to provide electricity to Comilla Grid Substation for 15 years
under Power Purchase Agreement (PPA) signed with Bangladesh Power Development Board (BPDB). The second project - the Rupganj Power Plant (Narayanganj) was set up to provide electricity for Narayanganj Palli BIdyut Samity under 15 years under Power Purchase Agreement (PPA) with Rural Electrification Board (REB).


The commercial operation of its Rupganj Power Plant started from 09 June 2009 and that of Jangalia Power Plant from 25 June 2009

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The Company was converted from Private Limited Company intoPublic Limited Company on 3 May 2010 and consequently enlisted with Dhaka Stock Exchange and Chittagong Stock Exchange by 15 January 2013. Trading of share was started on 4 February 2013 after successful completion of IPO process.


In terms of expansion, the company had a significant achievement of acquiring 20% shares of Summit Narayanganj Power Limited. Summit Purbanchol Power Company Limited had raised fund through IPO and has utilized them to acquire 20% holding of Summit Narayanganj Power Limited.


The Company was selected as the best Power Generation Company in Private Sector and received the award from the Honorable Prime Minister in a grand ceremony organized by the Government to celebrate the milestone achievement of 10,000 MW capacity of Power Generation in Bangladesh.

 

 

Message from the Chairman
Proxy Form 2015
Annual Report 2015