Summit Power International Limited has said its existing heavy fuel oil (HFO) inventory will allow its power plants in Bangladesh to maintain electricity generation for between 30 and 45 days, shielding operations from the current volatility in global fuel prices.
The company said its fuel terminals in Bangladesh are holding around 44,000 metric tonnes of HFO, sufficient to supply its four HFO-based power plants with a combined installed capacity of 645 megawatts (MW).
The facilities include Summit Gazipur II Power Ltd, Ace Alliance Power Ltd, Summit Barisal Power Ltd and Summit Narayanganj Power Unit II Ltd.
According to the company, the stockpile was procured during normal operations before recent geopolitical tensions disrupted global energy markets. The latest shipment, loaded in the second week of February 2026, was purchased at approximately $449.47 per metric tonne.
By contrast, the equivalent Singapore Platts reference price stood at around $941.26 per metric tonne on March 9, highlighting the sharp rise in international fuel prices.
Summit said the current inventory would help keep near-term electricity generation costs stable for the state utility Bangladesh Power Development Board (BPDB), despite the surge in spot market prices.
The company added that it is continuing to coordinate with BPDB and other authorities to ensure stable and uninterrupted electricity supply to the national grid during the period of global fuel market uncertainty.