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Energy & Power - EP_21_20 (Energy & Power Vol 21 Issue 20 April 1, 2024)

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As April arrives, Bangladesh's power sector faces uphill battles amidst rising temperatures despite a smooth sail in March. Analysts observed lower demand for power in March and attributed it to frequent spells of rain while the irrigation load did not exceed the limit. There was no power load-shedding in the cities and towns though shopping malls continued businesses till midnight. The government's proactive stance in February aimed to tackle upcoming demands but faced setbacks with delayed gas infrastructure maintenance. Gas supply could not be increased as expected – Summit Energy-owned FSRU was supposed to return to its site and start LNG regasification in March after completing overhauling in Singapore but missed the schedule. As a result, the gas supply for power generation remained limited to 800-900 MMCFD. Hopes rest on anticipated LNG supply improvements by April to ease constraints and avoid power outages in summer. However, concerns linger about burdening users due to sector inefficiencies, with a critical need to ensure reliable power for industries driving the economy. Collaboration among stakeholders is key; the Ministry of Power, Energy and Mineral Resources can't do it alone. Failing to unite risks mounting debts and weakened state-owned enterprises, jeopardizing stability despite available capacity. Addressing these challenges collectively is crucial for a steady power supply and sustained economic growth.

Energy & Power Description:

Uitgever: Energy-&-Power

Categorie: Business

Taal: English

Frequentie: 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