Energy & Power Magazine - June 16, 2022Add to Favorites

Energy & Power Magazine - June 16, 2022Add to Favorites

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In this issue

Finance Minister AHM Mustafa Kamal on June 9 placed in parliament a Tk 678,064 crores budget for the fiscal year 2022-23. The new national budget was proposed at a time when Bangladesh, like other countries in the world, is passing through various economic challenges, which emerged mainly from the Ukraine war that started just when the economies were gradually recovering from the fallouts of the COVID-19 pandemic. Bangladesh is not an exception. The country’s economy was recovering fast, but the hikes in the energy and food prices in the international markets have somewhat destabilized the major economic indicators. Yet, the finance minister expected the economy to grow at a high rate of 7.5 percent without much impact on the price situation as the inflation rate is expected to remain within 5.5-5.6 percent. However, a smooth supply of quality power and energy at an affordable rate is essential for the development of every sector, including industries. To ensure that there is no alternative to increasing the contribution of the country’s own fuel in the fuel mix through expediting exploration and development. It is not possible to increase energy prices too often. The proposed budget has not given enough attention to the exploration and modernization of the power and energy value chain.

A special allocation should be earmarked for expediting exploration activities. If necessary, allocations for the less-priority sectors could be revised before passing the budget.

Greetings
We convey our heartfelt greetings to all our readers, patrons, advertisers, and well-wishers on the occasion of our stepping into the 20th year of publication on 16 June 2022. THANK YOU ALL.

Energy & Power Magazine Description:

PublisherEnergy & Power

CategoryBusiness

LanguageEnglish

FrequencyFortnightly

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 

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