Core Insights - Summit Group, founded by Muhammed Aziz Khan, has evolved from Bangladesh's first independent power plant in 1998 to the largest private electricity producer in the country, emphasizing governance and transparency over rapid growth [1][2] - The company successfully completed a $190 million international loan repayment in October 2025, demonstrating financial discipline and attracting over $2 billion in foreign direct investment [1] - The establishment of Summit Power International in Singapore in 2016 was a strategic move to access international capital, despite raising questions domestically about offshore incorporation [3][4] Financial Relationships - The International Finance Corporation (IFC) invested $175.5 million in Summit Power International in 2016, validating the company's governance approach and facilitating partnerships with major firms like JERA Co., General Electric, and Mitsubishi Corporation [4] - The coordination by DEG confirmed that Summit Meghnaghat Power Company met its obligations satisfactorily, reflecting the company's strong relationships with development finance institutions [2] Governance and Market Conditions - Ayesha Khan, managing director and CEO of Summit Power International, highlighted the opportunities in Bangladesh but pointed out the lack of governance and a mature financial market as barriers to long-term infrastructure projects [5] - Singapore's AAA sovereign credit rating and regulatory framework provided favorable conditions for accessing international capital, imposing necessary governance disciplines such as independent directors and compliance with International Financial Reporting Standards [6][7]