Summit Power International Limited (“Summit”) and JERA Asia Pte. Ltd. (“JERA Asia”), a subsidiary of JERA Corporation of Japan, signed a Memorandum of Understanding (“MOU”) to collaborate on developing a carbon-neutral roadmap for Summit while supporting Bangladesh’s continued socio-economic development.
To accelerate the adoption of renewable power generation in Bangladesh and support its Paris Agreement goals, the MOU includes pathways for establishing zero emissions targets for Summit, outlining a roadmap to achieve these targets and identifying opportunities to deploy greener fuels such as hydrogen or ammonia in support of decarbonization efforts.
On the occasion, Ayesha Aziz Khan remarked, “As a member of the Climate Vulnerability Forum (CVF), Bangladesh has the ambition to supply 40% of its energy needs from renewable sources by 2041. In line with this Summit, along with our partner JERA, are aspiring to implement the best practices and adaptation knowledge to reach our zero emissions targets.”
