# Summit, Mitsubishi and GE announce $3B investment in Bangladesh power project

Summit, Mitsubishi Corporation and GE have announced a US$3 billion investment in Bangladesh for a project including four 600 MW combined cycle power plants (total 2,400 MW), two on-shore LNG terminals (380,000 m³ total capacity), oil terminals (100,000 MT capacity) and a 300 MW HFO-based power plant. Summit will be the majority owner.

- Type: Investment
- Announced: 2018-07-11
- Where: Bangladesh, Bangladesh
- Value: $3.00B
- Starts operating: 2023
- Status: announced
- Capacity: 2400 MW (power), 380,000 m³ (LNG terminal), 100,000 MT (oil terminal), 300 MW (HFO plant)
- Products: combined cycle power plants, LNG terminals, oil terminals, HFO-based power plant, gas turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mitsubishi Corporation](https://endata.com/companies/575.md) (investor)
- [General Electric](https://endata.com/companies/1262.md) (investor)
- [Summit Group](https://endata.com/companies/5150.md) (investor)

## Sources

- [summitpowerinternational.com](https://summitpowerinternational.com/summit-mitsubishi-and-ge-announce-largest-private-fdi-bangladesh), 2018-07-11: "Summit, Mitsubishi and GE have announced a US$ 3 Billion (about BDT 24 Thousand Crore) investment – thus far the largest private foreign direct investment (FDI) in Bangladesh."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.