Leading infrastructure developer Muhammed Aziz Khan recently reaffirmed his commitment to developing Bangladesh's energy sector, emphasizing transparency and corporate governance. As the country faces evolving energy challenges, his leadership continues to shape the industry's growth through strategic investments and partnerships. International Leadership and Vision Khan has maintained a clear vision for Bangladesh's development since establishing … Aziz Khan Highlights Summit Group’s Commitment to Bangladesh’s Energy Infrastructure Read More » The post Aziz Khan Highlights Summit Group’s Commitment to Bangladesh’s Energy Infrastructure appeared first on The Mini Millionaire.
Leading infrastructure developer Muhammed Aziz Khan recently reaffirmed his commitment to developing Bangladesh's energy sector, emphasizing transparency and corporate governance. As the country faces evolving energy challenges, his leadership continues to shape the industry's growth through strategic investments and partnerships.
International Leadership and Vision
Khan has maintained a clear vision for Bangladesh's development since establishing the country's first independent power plant in 1998. “At that time, the biggest problem was not having electricity. Twenty percent of people had access to electricity in 1995-96,” he recalls. “And I am so humbled and so happy that we at that time started with electricity and generated electricity. Today, 100% of people have access to electricity in Bangladesh.”
Strategic Development and Economic Impact
Aziz Khan explains, “It was very important for Bangladesh to be able to employ its teeming millions—currently 180 million. Employment could only come through industrialization. We had to move from an agrarian society to an industrial society, and electricity is a fundamental requirement for that.”
Under his guidance, Summit Group's expansion has created a portfolio that includes 18 power plants with a combined generation capacity of 2,255MW, representing approximately 17% of the country's total private installed power generation capacity. The company employs over 6,000 people across its various infrastructure projects.
Future-Focused Leadership
The energy executive emphasizes the importance of sustainable development and technological innovation. “We need to harness artificial intelligence to contain emissions to bring about re-nurturing Mother Earth so that each and every aspect of Mother Earth, from its soil to its environment, improves,” he states. “It's very intriguing and it is very challenging, but it is a must if this world is to continue to be a happier world.”
Summit Power International extends beyond power generation, establishing itself in multiple sectors, including ports, fiber optics, and information technology. Khan's strategic decision to incorporate in Singapore has enabled the company to access international financial markets and attract significant foreign investment.
Corporate Governance and International Standards
As Bangladesh's infrastructure leader, the company maintains high standards of corporate governance, operating under both Bangladesh and Singapore regulations. This dual-market presence has helped forge critical international partnerships, including with Japan's JERA Co., which acquired a 22% stake in Summit Power International in 2019.
Khan's leadership philosophy emphasizes the importance of sustainable development and corporate responsibility. “The creation of wealth should not be only for personal gain and pleasure, but also for improvement of humanity,” he asserts, highlighting Summit Group's commitment to contributing to Bangladesh's economic growth while maintaining high standards of corporate governance.
Beyond power generation, the company operates Bangladesh's second Floating Storage and Regasification Unit (FSRU) and LNG import terminal, with a capacity of 500 million cubic feet per day. Through strategic planning and careful execution of infrastructure projects, Khan continues to guide Summit Group's role in Bangladesh's development, focusing on meeting the country's growing energy needs while preparing for future challenges in the sector.
The post Aziz Khan Highlights Summit Group’s Commitment to Bangladesh’s Energy Infrastructure appeared first on The Mini Millionaire.
