Summit-Friendship Solar Village Receives Reuters Global Energy Transition Awards 2024

SINGAPORE, July 19, 2024 /PRNewswire/ — Summit-Friendship Solar Village project located at Kabilpur in Gaibandha district Bangladeshreceived the prestigious Reuters’ Global Energy Transition Awards 2024 in the category “Projects with Impact” New York, USA ON June 25, 2024Out of 500 entries this year from around the world, this project was nominated for its concrete results in improving energy availability and compensating losses to improve local resilience to climate change.

This scalable 57.6 kW solar microgrid is now benefiting 3,000 residents of Kabilpur, Gaibandha. Kabilpur itself is a char—a remote sedimentary land located in a river—but it is ideally positioned to act as a hub for the neighboring chars in the Yamuna River, on which it is situated.

“Summit wants to serve 100% Bangladesh with infrastructure such as electricity and communication. Most of the signs are not covered by the national network. I believe that these signs, like the rest Bangladeshdeserve electricity. Award-winning NGO Friendship has worked wonders. It is an honor to provide solar power to 3,000 residents of Kabilpur Char in association with Friendship,” he noted Muhammad Aziz KhanChairman of Summit Power International.

“Anyone who has seen the Yamuna River in all its glory will understand that mainstream power grids are not really possible here. On the other hand, this solar grid will provide income generation and livelihood opportunities as well as education opportunities for children so that hope and dignity can flourish. We want to thank Summit for their support,” he said Khan rune, founder of Friendship.

The solar village plays a key role in enabling people from these isolated communities to have access to “modern” facilities and longer working hours for businesses and enterprises, as well as scientific and Homical use. Furthermore, renewable solar energy also means less reliance on traditional kerosene lamps that burn fossil fuels with toxic effects.

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About Summit Power International

Summit Group is the largest infrastructure conglomerate in the world Bangladesh. Summit Power International Ltd (SPI) headquartered in Singaporeis the largest independent power producer (IPP) in the world Bangladesh reflecting 17% Bangladesh total private installed capacity and 7% of the country’s total installed capacity. It also owns and operates a Floating Storage and Regasification Unit (FSRU) and supplies 500 million cubic feet per day (mmcfd) of LNG regasification to Bangladesh. In 2019, Summit FSRU received an equity investment from Mitsubishi Corporation. In 2019, JERA Co., Inc. (JERA) acquired a 22% stake in Summit Power International. It recently proposed developing the country’s third FSRU, and the Cabinet Committee on Economic Affairs gave preliminary approval to the proposal in MID-June 2023. Most importantly, Meghnaghat II, GE’s 590 MW gross H-class LNG dual-fuel CCGT, has achieved a milestone of starting commercial operations April 26, 2024.

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SOURCE Summit Power International