Energy & Power - EP_21_10 (Energy & Power Vol 21 Issue 10 November 1, 2023) Add to Favorites

Energy & Power - EP_21_10 (Energy & Power Vol 21 Issue 10 November 1, 2023) Add to Favorites

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In Bangladesh, passionate discussions about embracing green energy have gained momentum thanks to Prime Minister Sheikh Hasina's bold pledge to increase renewable energy generation capacity to 40% of the country's total power generation by 2041. Right now, renewable energy (RE) accounts for just 4.23% of the total capacity, facing hurdles like solar projects not being used to their full potential and financial challenges for investors. Despite a significant 166% increase in bulk power tariffs over 17 years, the power sector continues to suffer losses, impacting the economy deeply. Wise voices are calling for a thoughtful strategy, emphasizing transparency, cost analysis, and careful consideration of economic consequences. Looking at global leaders like Germany, we learn the importance of balancing green energy dreams with economic realities. Among the hurdles, experts highlight the potential of incorporating cross-border hydroelectricity, solar trading, and nuclear power into a comprehensive green energy plan. Failing to craft such a plan could jeopardize Bangladesh's dream of becoming a developed nation by 2041. There is a bitter experience in the rental, quick rental of power plants and IPPs. For political influence, many unnecessary power plants have increased the reserve margin. These have created huge financial impacts and the burdens are transferred to the end users.

It's a reminder of the urgent need for a well-thought-out, economically viable, and seamlessly integrated green energy roadmap that aligns our aspirations with practicality.

Energy & Power Magazine Description:

YayıncıEnergy & Power

kategoriBusiness

DilEnglish

SıklıkFortnightly

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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