Development

EXPERIENCE, INGENUITY, DEDICATION

Summit can handle projects from first conception through the entire process of feasibility analysis, permitting, financing, design, procurement, construction and commissioning, and also long-term operations and asset management. Summit also conceptualizes and negotiates, or assists in negotiations, for arrangements regarding (i) long-term operation and maintenance (up to 20 years) of power projects, (ii) fuel supplies, (iii) electrical transmission, and (iv) sale of the power or project capability, including for financing purposes. Summit typically obtains for its customers the benefits of full fixed-price agreements with extensive warranties, including fixed-price, long-term operation and maintenance, all backed by superior financial credit.

Characteristic of Summit's approach is its ability to find creative solutions, move quickly, resolve issues amicably, ensure that local people and governments are comfortable and supportive, keep costs to a minimum, and significantly reduce risks. Summit has had a remarkable record of overseeing the commercialization of plants on time and at or under budget, and these projects are operating in accordance with, or exceeding, design expectations. In the process of leading projects from inception to completion, Summit has not once been involved in litigation or a formal dispute.

Summit has led the development of over 4,500 MW of natural gas-fired generation in the United States. Currently, Summit is leading the development of over 2,500 megawatts of additional gas-fired, IGCC, and wind projects.  Summit has predominantly used Siemens Power Generation as its equipment supplier, as well as EPC and O&M contractor, but Summit has also used a wide variety of other manufacturers' equipment when the project benefited from doing so.