Bangladesh's Summit Group looks to Singapore for its capital-raising needs

Its Singapore-based Summit Power International is widening its hunt for new projects and those beyond Bangladesh, even as it minds existing ones and the ESG arena

Ben Paul

Published Wed, Dec 9, 2020 · 09:50 PM

Power plants

Singapore

MUHAMMED Aziz Khan, the boss of a privately-held company owning a string of power plants in Bangladesh, has definite ideas about the sort of commercial relationship Singapore should have with Bangladesh.

In a recent interview with The Business Times, he said: "Singapore should think of itself as a Manhattan, and Bangladesh as one of the states of the US. I think that is becoming the future role of cities like Singapore.

"Bangladesh, rather than try to raise another capital market, should take advantage of the Singapore capital market - debt as well as equity."

Mr Khan is the chairman and principal owner of the Singapore-based Summit Powe…