Summit Group’s subsidiary ‘Summit Barisal Power Limited (SBPL)’ has once again awarded with the ‘Best Private Sector Power Generation Unit’ Award. In Power and Energy Week 2016, Summit Group’s this subsidiary has received this award 4th times in a row. Honourable Prime Minister Sheikh Hasina handed over this award to Summit Group Chairman Mr. Muhammed Aziz Khan during the inauguration ceremony of this week on 7th December morning at ICCB, Dhaka.
The three other “Best Power Generation Project” award winning subsidiaries of Summit Group were Summit Purbanchal Power Company Ltd. in 2013, Summit Meghnaghat Power Company Ltd. in 2014, and Summit Bibiyana II Power Company Ltd. in 2015 respectively.
This year, award recipient SBPL has been playing an important role in reducing electricity shortage in the southern districts since its operation. The 110 MW IPP Power Plant achieved its Commercial Operation Date (COD) on 5th April 2016, two months ahead of proposed schedule according to the contract.
The power production tariff of the plant was fixed at Tk 6.99 per unit. The lone government-owned power plant is only producing 40 MW of electricity at peak hours against the demand of 150 MW in the greater Barisal region.
Now, this plant is providing 110 MW of electricity to the national grid and contributing to meet the demand of electricity of the greater North-Bengal region. AS increased numbers of entrepreneurs and businesses in the region are getting incessant electricity, which has been a boost to their economic activities.
The plant is situated on the northeastern bank of Kirtonkhola river in Barisal and equipped with the most efficient Heavy Fuel Oil (HFO) Engines made by world-renowned Wartsila Finland. Since it started operation, the power plant has been running with above 92% plant factor and maintaining plant availability of 97 %, securing its place among the world’s most efficient power plants. The complete process of design and construction of the BDT 575 crore Summit Barisal Power Limited project has been implemented under the direct supervision of Wartsila Finland.