Summit, JERA sign MoU for energy project

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Bangla Tribune Desk
Published : 16:45, May 29, 2019 | Updated : 16:47, May 29, 2019

Faisal Khan, Director of Summit Group and Toshiro Kudama, CEO of JERA Asia signed the MoU on behalf of their respective sides at Hotel New Otani in Tokyo on Wednesday (May 29) in presence of Prime Minister Sheikh Hasina. PIDSummit Group of Bangladesh and Japan's Energy for New Era (JERA) signed a memorandum of understanding to initiate a mega energy infrastructure project.
Faisal Khan, Director of Summit Group and Toshiro Kudama, CEO of JERA Asia signed the MoU on behalf of their respective sides at Hotel New Otani in Tokyo on Wednesday (May 29) in presence of Prime Minister Sheikh Hasina, news agency UNB reports.
The project will have the capacity to handle 20 million tonnes of bulk cargo at Matarbari area in Cox's Bazara year.
It will provide impetus to Bangladesh's trade by development of various terminals for cargo and primary fuel at Matarbari area in Cox's Bazar, according to Summit Group.
The project is expected to be functional within two years of signing the agreement among Summit, JERA Asia and the government of Bangladesh with an estimated investment of over US$500 million.
To achieve Sustainable Development Goals (SDGs) by 2030 and “Vision 2041” set by Prime Minister Sheikh Hasina - Summit Corporation and JERA Asia signed the MoU, Summit said in a media release.
“This project of Summit with JERA Asia has the potential to save billions of dollars for Bangladesh for years to come by providing logistics and handling thus maintaining supply-chain more efficient enabling Bangladesh to achieve each of her visions,” UNB quoted Summit Group Chairman Muhammed Aziz Khan as saying.
JERA Asia CEO Toshiro Kudama said signing this MoU, they would like to further accelerate the development of energy infrastructure projects in Bangladesh together.
State Minister for Power, Energy and Mineral Resources, Nasrul Hamid, State Minister, Ministry of Foreign Affairs, Shahriar Alam, Principle Secretary to the HPM Nojibur Rahman, Principal Coordinator of SDGs and Chairman of MIDI (Moheshkhali-Matarbari Integrated Infrastructure Development Initiative), Md Abul Kalam Azad and Ambassador of Bangladesh to Japan Rabab Fatima, and Chairman of Summit Group, Muhammed Aziz Khan were present.
Meanwhile, executive vice president of Japan Bangladesh Medical Association (JBMA) Shakurai Hiroyuki handed over the document of a signed agreement with Bangladesh Medical Association (BMA), according to UNB.
Under the agreement, Japanese assistance and support will be provided to Sheikh Hasina National Institute of Burn and Plastic Surgery in Dhaka.

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