Energy & Power - September 01, 2023

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The energy sector is passing through one of its toughest times since the country’s independence. Households to industries are struggling to get uninterrupted supplies. The growing reliance on imported natural gas has become a pressing issue due to a significant drop in domestic reserves since 2017. Even though the government tried to cut back on gas usage last year, it ended up depending on imported fuels for a whopping 60% of the energy needs. To make matters worse, it has unpaid bills to International Oil Companies (IOCs) for gas and Independent Power Producers (IPPs) for electricity – it's like having mounting debts and overdue bills piling up. Up until 2020, the government managed to pay the bills easily thanks to a stable Bangladeshi Taka and record-low global fuel prices during the COVID-19 pandemic. But then, things took a turn for the worse in February 2022 when the Russia-Ukraine war led to a 25% drop in the value of the BDT against the USD. Experts repeatedly suggested focusing on domestic coal and natural gas resources. However, the government seems like it has a hidden treasure in its backyard that it has not tapped into.

By prioritizing a comprehensive exploration campaign, Bangladesh can reduce its reliance on unpredictable global fuel markets and keep its economy going. It's time for policymakers to make wise decisions for a better energy future. This is like a lifeline for the country to graduate into a developed economy.

Energy & Power Magazine Description:

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