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Energy & Power - EP_22_02 (Energy & Power Vol 22 Issue 02 July 1, 2024)

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Bangladesh is actively participating in global decarbonization efforts, aiming to increase renewable energy generation which currently stands at around 1000MW. Despite a rise in grid-connected capacity to 27,054MW over the last 15 years, only 3% comes from renewable sources like solar, wind, and hydroelectricity. The government is targeting a significant expansion, with several projects under construction and planning, potentially boosting renewable capacity to 8,738MW. Globally, fossil fuels still account for 81.5% of energy, despite a slight reduction over the past decades. The International Energy Agency highlights the need to double the current $2.0 trillion annual investment in green energy to achieve net-zero emissions by 2050. At COP28, a global commitment was made to triple renewable energy use and double energy efficiency by 2030. However, concerns remain over the lack of a clear plan for phasing out fossil fuels. Bangladesh aims to contribute 40% clean energy to its energy mix by 2041 and plans to generate 17,000MW of solar power by 2050. The nation faces challenges due to unplanned expansions and a lack of a properly integrated power grid, risking financial stress from uncoordinated renewable energy growth. A comprehensive, integrated approach is necessary to stabilize and advance Bangladesh's power sector towards sustainable development. The country must adopt a coordinated and strategic approach to renewable energy expansion, focusing on well-planned, integrated projects to avoid financial and operational pitfalls.
Cover Photo: Sirajganj 68MW Solar Park of Bangladesh-China Renewable Energy Company (Pvt.) Limited

PTTEP to Acquire Wintershall's Interest in Abu Dhabi Ghasha Concession

PTT Exploration and Production Public Co. Ltd.

1 mins

QatarEnergy to Invest $6b to Build 18 Large LNG Vessels in China

QatarEnergy signed an agreement with China State Shipbuilding Corp. (CSSC) for the construction of 18 ultra-modern QC-Max size LNG vessels to support expanded LNG production capacity and help meet longterm fleet replacement requirements.

1 mins

India's Coal Power Demand All-Time High

India's demand for coal-based power has risen by 7.3 percent this fiscal year to an all-time high, the government said in a statement recently.

1 mins

Bangladeshi Young Talents to Join Rosatom's Expedition to the North Pole

Seventy young talents from Bangladesh, Russia, India, China, Hungary, Uzbekistan, Belarus, Kazakhstan, South Africa, Mongolia, Cameroon, Tunisia and other countries are going on a voyage to the North Pole onboard nuclear icebreaker “50 Let Pobedy” in the company of famous scientists, nuclear industry experts, Arctic researchers and science popularizers.

1 mins

Abnormal Electricity Bills May Occasionally Rise: Nasrul

State Minister for Power and Energy Nasrul Hamid stated in Parliament that \"ghost (abnormal) electricity bills\" may occasionally arise due to technical and non-technical reasons.

1 mins

USAID, Local Partners to Improve Energy Services in Cox's Bazar Host Communities

The United States Agency for International Development (USAID), through the Bangladesh Advancing Development and Growth through Energy (BADGE) project, is launching a transformative initiative designed to address the energy needs of the host communities in Ukhiya and Teknaf, areas in Cox's Bazar significantly impacted by the Rohingya refugee crisis.

1 mins

10th International Day for Yoga Observed at BIFPCL

BIFPCL Maitree Super Thermal Power Project marked the 10th International Day for Yoga with Mass Yoga session at the Community Centre on 21 June at Rampal, Bagerhat.

1 mins

Renewables Get Going Unsmart

There is no option now to increase the use of green energy and expedite decarbonization in the changed world order.

8 mins

Bangladesh Does Not Need To Hurry To Achieve Net Zero

The world community is committed to limiting global warming below 1.5 degrees Celsius by 2100. But despite hectic parleys in every COP, it appears highly unlikely that net zero 2050 will be achieved.

4 mins

Why Thermal Energy Storage Is The Most Practical Tool To Decarbonize Industry

Industrial sectors have long been the backbone of economic growth, producing essential materials like steel, chemicals, and glass.

2 mins

Energy Insecurity Deepens Amid Gas Shortage

A substantial gas supply shortage continues, creating diabolic energy insecurity in Bangladesh.

4 mins

Summit Requests Force Majeure as FSRU Function Halts

Summit Group has applied to execute force majeure against a halt in the operation of its LNG (liquefied natural gas) terminal, according to sources.

1 mins

Petrobangla Cancels LNG Spot Cargo Deliveries

Bangladesh's Petrobangla has canceled some spot liquefied natural gas (LNG) imports after one of the country's two import terminals was damaged during a cyclone, leaving it unable to receive shipments, two industry sources said recently.

1 mins

EU Sanctions Target Russian Gas for First Time

European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said recently, including their first restrictions on Russian gas.

1 mins

BPDB's Loss to Increase by 196% to Tk18,000Cr in 2025: CPD

The Centre for Policy Dialogue (CPD), a think tank, on June 23, 2024 said that ongoing losses of the Bangladesh Power Development Board (BPDB) will increase by 196 percent to Tk 18,000 crore by 2025 due to government mismanagement.

1 mins

New Zealand Govt Looking to Restart Exploration Offshore

The Coalition government in New Zealand is proposing to lift the ban on new petroleum exploration beyond onshore Taranaki, North Island, which the previous administration imposed in 2018.

1 mins

Power Demand Peaks in Northern India Heatwave

Searing heatwave temperatures in northern India pushed power demand to a record high, the government said recently, with residents of the capital New Delhi also struggling with water shortages.

1 mins

Kuwait Announces Power Cuts as Demand Spikes in Summer Heat

Kuwait has announced temporary power cuts in some parts of the country during peak consumption hours, saying it is struggling to meet increased demand spurred by extreme summer heat.

1 mins

U.S. Senate Passes Bill to Support Advanced Nuclear Energy Deployment

The U.S. Senate has recently passed a bill to accelerate the deployment of nuclear energy capacity, including by speeding permitting and creating new incentives for advanced nuclear reactor technologies.

1 mins

Irrigation Pumps will Run Completely on Solar Power: PM

Prime Minister Sheikh Hasina said recently her government wants to run the irrigation pumps of the country completely on solar power.

1 mins

Bangladesh Elected Vice Chair of IRENA

Bangladesh has been elected Vice Chair of the 27th Council of International Renewable Energy Agency (IRENA), the second highest body of the Agency comprising 168 countries and the EU.

1 mins

Govt Land in Dhaka Div Can Host 20,000MW Power Plants

Bangladesh can generate 20,555 megawatts of electricity by 2050 using a very small portion of available khas land in the Dhaka division alone, according to a joint study released recently by the Coastal Livelihood and Environmental Action Network and the Bangladesh Environmental Lawyers Association.

1 mins

Air Pollution Linked to Nearly 2,000 Child Deaths a Day: Report

Nearly 2,000 children die every day from health problems linked to air pollution, which is now the second biggest risk factor for early death worldwide, a report said recently.

1 mins

Adequate Plans to Face Climate Change But Budget Insufficient for Implementation: Speakers

Speakers at a recent seminar emphasized that several long-term plans, including the Centenary Delta Plan, have been formulated in Bangladesh to address the impacts of climate change.

1 mins

Climate Change Made Deadly Heat 35x More Likely in US, Mexico, C. America

Deadly heat that blanketed the United States, Mexico and Central America recently was made 35 times more likely due to global warming, an international network of climate scientists said recently.

1 mins

BCCT to be Reformed to Strengthen Climate Resilience Efforts: Saber

Environment Minister Saber Hossain Chowdhury recently said Bangladesh Climate Change Trust (BCCT) will be reformed to bolster its role in achieving climate resilience.

1 mins

Bangladesh Receives $900m WB Financing to Increase Economic, Urban Resilience

The World Bank (WB)'s Board of Executive Directors on June 21, 2024 approved two projects totaling US$900 million to help Bangladesh strengthen fiscal and financial sector policies and improve urban infrastructure and management to ensure sustainable and climate-resilient growth.

1 mins

COP29 Host Announces Green Investment

Azerbaijan, the host nation of the climate summit COP29 in November, has announced plans to increase the share of renewables across its energy sector to almost a third.

1 mins

Expedited RE Expansion Essential To Ensure Energy Security

Bangladesh in its Integrated Energy and Power System Master Plan (IEPMP) has set a target to achieve net zero greenhouse gas emissions by 2070 or beyond.

6 mins

Tüm Hikayeleri Oku Energy & Power

Energy & Power Description:

Yayımcı: Energy-&-Power

Kategori: Business

Dil: English

Sıklık: 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