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Summit secures $140 million in financing from Clifford Capital, Japan’s SMBC

Staff Reporter :Summit Group has received $140 million (Tk 1,190 crore) in project financing from international commercial financial institutions for its 300-megawatt Summit Gazipur II Power Plant.The group received the long-term financing from Clifford Capital Pte Ltd of Singapore and Sumitomo Mitsui Banking Corporation (SMBC), according to a press release. This was achieved on April 22 during the continued lockdowns in both Bangladesh and Singapore.The Bangladesh Bank has provided support by processing approvals during the lockdown to facilitate the financing,...

16 May 2020, 12:00 am