Summit Gazipur II Power Ltd yesterday signed a project agreement with the government to supply 300 MW of electricity for a period of 15 years.

Nasrul Hamid, state minister for power and energy, was present at the signing ceremony at Bidyut Bhaban in Dhaka.

According to the agreement, Summit Gazipur II Power Ltd will commence commercial operation by mid-2018.

Once operational in mid-2018, it is expected to be the largest reciprocating engine run power plant in Bangladesh supplying 300 MW to the national electricity grid, according to a statement.