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Energy & Power Magazine - EP_22_04 (Energy & Power Vol 22 Issue 4 August 1, 2024)

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In this issue

The power and energy sector in Bangladesh is in deep trouble, struggling with a severe liquidity crisis despite having a large power generation reserve margin. The root of the issue lies in the inability to generate enough power due to fuel shortages, coupled with the heavy burden of paying capacity charges. There was hope that the government would step in and provide more funds to ease the strain, but those plans were derailed when the country’s focus shifted to mass protests following the tragic murder of Abu Sayeed, a student at Begum Rokeya University. What began as a movement for job quota reforms quickly grew into widespread demands for the resignation of Prime Minister Sheikh Hasina, leaving the power sector’s problems on the back burner. Now, the sector’s debts are piling up faster than they can manage, and even government subsidies aren't enough to fix the situation. Experts are urging a reduction in the reserve margin as a crucial first step. The sector needs to ensure a reliable and sustainable power supply to meet the growing demands of industries. If these issues aren’t addressed, the crisis will only deepen, posing a serious threat to Bangladesh’s already fragile economy. The government should prioritize reducing the power reserve margin and ensuring a sustainable power supply to address the sector's liquidity crisis and support economic stability.

LPG Sales Witnessing Boom During Unrest

Sales of LPG (liquefied petroleum gas) witnessed a boom against the backdrop of the prolonged unrest affecting the country, taking advantage of the fact that prepaid and smart prepaid gas consumers are facing obstacles to recharging their balances.

1 mins

Four Die from Electrocution Amid Waterlogging in Dhaka

Four people died due to electrocution amid heavy rains in different areas of Dhaka recently.

1 mins

Liquidity Crisis May Deepen

The power and energy sector in Bangladesh has faced significant challenges, including a liquidity crisis due to fuel shortages and high capacity charges, despite a large reserve margin of power generation.

6 mins

Surplus Power Reserve Margin Is The Bane Of Bangladesh

A huge reserve of power generation capacity but the absence of a required spinning reserve has put Bangladesh's power sector under a double-edged sword.

3 mins

The Role Of Space Technology As A Key Driver Of Sustainable Development And Climate Solutions

The satellite technology plays a vital role in social and community benefits, by detecting the global climate variables, and can prepare a successful preparedness program to mitigate climate losses and damages, a better adaptation plan, reduction of extremeness, and to manage the crisis for human survival techniques.

5 mins

Turning Air Into Water CCDB's Innovative Solution To Bangladesh's Drinking Water Crisis

Bangladesh, a country known for its abundant water bodies, faces an ironic and severe crisis: the lack of pure drinking water. This crisis is particularly acute in coastal regions, drought-affected areas, and hilly terrains, where obtaining clean water is a daily struggle for millions.

3 mins

Global Electricity Demand Set To Rise Strongly This Year And Next

The global energy access gap worsens as population growth outpaces new connections: 685 million people living without electricity access in 2022, and 2.1 billion people continue to rely on damaging cooking fuels globally, according to a new report.

3 mins

Progress On Basic Energy Access Reverses For First Time In A Decade

Growth in global electricity demand in 2024 and 2025 is forecast to be among the highest levels in the past two decades, a new IEA report finds, with solar PV alone expected to meet half of the increase.

3 mins

BPC's Fuel Oil Supply Disrupted Amid Shutdown, Curfew

The supply of fuel oil has been severely disrupted across the country since Thursday due to complete shutdown enforced by protesting students of quota reform movement and subsequent unrest and curfew.

1 mins

Tanker Carrying 1.4m Liters of Oil Capsizes in Manila Bay

A Philippine-flagged tanker carrying 1.4 million liters of industrial fuel oil capsized and sank off Manila recently, authorities said, as they sought to contain a spill stretching several kilometers.

1 mins

Smartcard Holders Among Prepaid Consumers Face Trouble Recharging

The smart card-holding prepaid consumers faced trouble in making payments to buy electricity due to lack of mobile internet service which was shut down amid students’ job quota reform movement.

1 mins

Nepal, India, Bangladesh to Sign Tripartite Power Trading Deal on July 28

Ground has been cleared for the three countries to sign the agreement on exporting electricity to Bangladesh, said Chandan Kumar Ghosh, spokesperson at Nepal Electricity Authority (NEA) the government-owned electricity body.

1 mins

Global Coal Demand Set to Remain Broadly Flat Through 2025

Global coal demand is set to remain broadly un changed in both 2024 and 2025 as surging electricity demand in some major economies offsets the impacts of a gradual recovery in hydropower and the rapid expansion of solar and wind, according to the IEA’s latest update on coal market trends worldwide.

1 mins

Energy Security Possible Thru RE Integration

The country can strengthen energy security by integrating renewable energy sources and enhancing grid stability.

1 mins

China Building More Wind, Solar Capacity Than Rest of World Combined: Report

China is building almost twice as much wind and solar energy capacity as every other country combined, research published recently showed.

1 mins

Indonesia to Build Solar Power Plant in Matarbari

Indonesia will build a solar power plant in Matarbari of Cox's Bazar in a joint-venture project which will generate 500MW of electricity adding it to the national grid.

1 mins

July 22 Sets New Record for Hottest Day Globally: EU Climate Monitor

Earth withered through a second straight day of record-breaking heat on July 22, the EU's climate monitor has said, as large parts of Europe, Asia and North America suffer blistering temperatures.

1 mins

Integrated Planning May Transform Power Supply To Comfortable State By 2030

The installed power generation capacity is almost double the demand.

5 mins

Read all Stories from Energy & Power

Energy & Power Magazine Description:

Publisher: Energy-&-Power

Category: Business

Language: English

Frequency: Fortnightly

Energy & Power (EP) is the first and only full-fledged fortnightly magazine that deals with the much cried over energy and power sector in Bangladesh. Since its inception in June 16, 2003, EP is working very hard to

a) Develop public consciousness on sustainable and even development of energy sector;

b) Assist the policy makers in assuming pragmatic policies for a balanced development of the energy sector;

c) Continuous supply of information among public; and

d) Develop a group of reporters in this field

Bangladesh is an energy deficit country like other countries in the region and most of the people do not have adequate access to the energy and power. The country is completely dependent on fossil energy source; at the same time, it is one of the most inefficient energy using countries in the world.

It lacks efficiency in planning, management, generation, distribution, load management and even at the end user level consumption.

In spite of the above drawbacks, issues relating to utilization of renewable energy, exploring alternative use of energy, planned use of environment friendly energy are significantly undermined in Bangladesh.

The biggest challenge of Bangladesh is to find a path for balanced growth of its energy sector. Despite its resource constraints, EP dynamically strives to provide theenergy sector with a flow of information and create public awareness; so that policymakers get guidelines and platforms for its sustainable development.

Code of Ethics

EP believes that public enlightenment is the forerunner of justice and the foundation of democracy. The duty of a journalist is to further those ends by seeking truth and providing a fair and comprehensive account of events and issues and professional integrity is the cornerstone of a journalist's credibility. We strive to serve the public with thoroughness and honesty.

The EP editorial policy is to share a dedication to ethical behavior and uphold the zero conflict of interest principles and highest standards of practice.

EP believes in

o Seeking truth and reporting the same

o Minimize harm