Summit Power International Limited said its fuel terminals in Bangladesh currently hold about 44,000 metric tonnes of heavy fuel oil (HFO), enough to keep four of its power plants running for 30–45 days depending on electricity demand.
The company disclosed the inventory in a statement, saying the fuel stock would support uninterrupted generation at plants supplying electricity to Bangladesh Power Development Board (BPDB).
The four HFO-based plants are Summit Gazipur II Power Ltd, Ace Alliance Power Ltd, Summit Barisal Power Ltd and Summit Narayanganj Power Unit II Ltd, with a combined installed capacity of 645 megawatts.
The company said the fuel inventory was procured in the normal course of operations before the current geopolitical disruptions that have pushed global fuel prices sharply higher.
The most recent cargo was loaded in the second week of February 2026 at about $449.47 per metric tonne.
By comparison, the equivalent Singapore Platts reference price stood at about $941.26 per metric tonne as of 9 March 2026.
The existing stock means electricity generation costs for BPDB from Summit’s HFO-based plants will remain insulated from current spot market volatility in the near term, the company said.
Summit said it is continuing to coordinate with BPDB and relevant authorities to support stable and uninterrupted power supply in Bangladesh.
Summit Group is the country’s largest infrastructure conglomerate, generating about 2 gigawatts of electricity for the national grid.
The group also owns and operates Bangladesh’s second Floating Storage and Regasification Unit and an LNG import terminal with a capacity of 500 million cubic feet per day.
