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Summit Meghnaghat II CCGT Power Plant

Sector: Wind • Location: Bangladesh

Source: World Bank Group

Project
Active

The proceeds will be used by Bangladeshi Summit Power for its 583MW Meghnaghat II combined-cycle gas turbine (CCGT) power plant in Narayanganj, near Dhaka, Bangladesh. The SPV is Summit Meghnaghat II Power Company (SMIIPCL). JERA (TEPCO and Chubu Electric, 11% ownership each) and General Electric (78%) are the project sponsors. Debt and equity contributions stand at $349.50 million and $150 millio

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The project “Summit Meghnaghat II CCGT Power Plant” is an infrastructure initiative in the Wind sector, located in Bangladesh. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The proceeds will be used by Bangladeshi Summit Power for its 583MW Meghnaghat II combined-cycle gas turbine (CCGT) power plant in Narayanganj, near Dhaka, Bangladesh. The SPV is Summit Meghnaghat II Power Company (SMIIPCL). JERA (TEPCO and Chubu Electric, 11% ownership each) and General Electric (78%) are the project sponsors. Debt and equity contributions stand at $349.50 million and $150 million, resoectively. The total cost of the project is $500 million. Financial close took place on December 22nd, 2020. https://ijglobal.com/data/transaction/45847/summit-meghnaghat-ii-ccgt-power-plant-583mw-ipp

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