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Energy & Power - EP_22_05 (Energy & Power Vol 22 Issue 5 August 16, 2024)

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Nobel Laureate Prof. Mohammad Yunus assumed the role of interim government chief of Bangladesh on 8 August, following former Prime Minister Sheikh Hasina's resignation and departure from the country amid mass upsurge. The interim government, comprising 17 advisers, prioritizes restoring law and order. Prof. Yunus oversees multiple ministries, including Energy, Power & Mineral Resources, and plans to implement essential reforms to ensure free and fair elections. The nation faces severe challenges after the collapse of Hasina's 15-year regime. Many former ministers and party leaders are either in hiding or have fled the country as reports of corruption emerge, particularly in the energy and power sectors. These sectors, plagued by flawed policies and corruption, are nearing collapse. The outstanding bills in the energy sector amount to approximately US$5 billion, leading to power generation issues, load-shedding, and operational challenges for industries. The shift from domestic to imported fuel has exacerbated the crisis, with imported fuel now contributing 50% of the energy supply. The present situation is a consequence of the lack of appropriate planning or ignoring the plans over the past 16 years. Despite calls from local experts to explore domestic resources, progress has been slow. The interim government faces pressure to reform policies and reduce import dependency. There are calls to repeal the Speedy Supply of Power and Energy Act 2010 which is considered to have facilitated corruption across the board, and to restore the Bangladesh Energy Regulatory Commission's authority in setting fuel and electricity prices.

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