IPO APPLICATION OF SUMMIT PURBACHOL POWER CO. LTD.
Summit Purbanchol Power Company Limited (SPPCL), sponsored by Summit Group and a subsidiary of Summit Power Limited (SPL), is one of the leading Bangladeshi Independent Power Producer (IPP) in Bangladesh in private sector providing power to national grid. SPPCL was incorporated in Bangladesh on August 15, 2007 as a Private Limited Company. Summit Purbanchol Power Company Limited in the year 2009 has successfully established two power plants of 33 MW capacity each, for sale of electricity to Rural Electrification Board (REB) and Bangladesh Power Development (BPDB) on Build, Own and Operate basis at Rupganj, Narayanganj and Jangalia, Comilla respectively. The parent Company, Summit Power Limited in the year 2001, has successfully established three power plants of 11 MW capacity each, for sale of electricity to Rural Electrification Board (REB) on Build, Own and Operate basis at Savar, Narshingdi and Comilla. During 2006 and 2007 in each of the...