Summit Power International Ltd ("SPIL"), headquartered in Singapore, is the largest Independent Power Producer (IPP) in Bangladesh reflecting 17% of Bangladesh's total private installed capacity and 7% of nation's total installed capacity. In addition, it owns and operates a Floating Storage and Regasification Unit (FSRU) vessel and supplies 500 million cubic feet per day (mmcfd) of re-gasified gas to Bangladesh. In 2019, Summit received equity investment that received equity investment from Mitsubishi Corporation. In 2019, JERA Co., Inc. ("JERA"), had acquired a 22% stake in Summit Power International. Recently, it has proposed for the country's third FSRU and the Cabinet Committee on Economic Affairs has approved the proposal in principle mid-June 2023. Currently the near-completion project is the Meghnaghat II, a dual-fuel CCGT GE H Class plant with gross capacity of 590 MW on Gas.