Energy & Power - EP_21_12 (Energy & Power Vol 21 Issue 12 Dec 1, 2023)

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In recent times, Bangladesh has found itself relying more on fuel from other countries because its fuel sources are running low. The amount of imported fuel has gone up from 22% in 2018 to more than half in 2023. Five years ago, the policymakers thought the economy could handle the cost of imports and did well even with the challenges of COVID-19. However, the Russia-Ukraine war followed by the Western sanction on trading with Russia made the global fuel market and the supply of dollars shaky. Handling that wasn't easy for Bangladesh. Its currency, the Taka, lost a lot of its value, and there was a worldwide shortage of dollars, especially hurting the energy sector. Now, the government-owned energy companies owe more than $4.4 billion to the folks who provide us with fuel and electricity, and a big chunk of that has to be paid in the local currency. Experts say the next government will have a tough job dealing with these money issues. If they can't figure it out by March 2024, the country might face a serious problem with not having enough power and fuel, making things even harder for businesses.

The money trouble might stick around until the overall economy gets better. This worries people because if we keep going this way without finding more local resources, it might not be sustainable. The government needs to act fast to cut energy imports and find import alternatives to avoid bigger problems in the days to come.

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