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Economy

Bangladesh power giant wants $1bn to fund expansion drive

Summit Power up for possible $50m injection from GE, eyes Singapore listing

Ayesha Aziz Khan, managing director and CEO of Summit Power International

SINGAPORE -- Bangladesh's largest conglomerate, Summit Group, wants to raise at least a billion dollars on the international capital markets over the next two to four years to fund the expansion of its power business at home and abroad. Central to that aim is a plan to list Summit Power International, the holding company for the group's power businesses, in Singapore next year.

The holding company was set up in Singapore in 2016 to better access global investors, Ayesha Aziz Khan, Summit Power's managing director and CEO, told the Nikkei Asian Review.

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