Summit Group Plans Entry into Bangladesh Data Center Market
Summit Group has announced its plans to enter the data center market in Bangladesh, utilizing the energy capacity of Summit Power International. The company is seeking a partner to develop a facility near Dhaka, aiming to secure a customer by year-end despite facing challenges from political instability. Additionally, a proposed 500MW offshore wind project has been postponed.
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Summit Group announced plans to enter Bangladesh's data center market, powered by Summit Power International's energy capacity. The company seeks a partner to develop the facility near Dhaka, leveraging its gas-fired plants and fiber-optic network.
It aims to secure a customer by the end of the year. Summit, the largest private power producer in Bangladesh, is facing challenges due to political instability, but remains optimistic about investor interest. A proposed 500MW offshore wind project has been postponed.
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