Letters to the Editor

Can Bangladesh avert an energy catastrophe?


FE Team | Published: March 25, 2024 20:56:40


Can Bangladesh avert an energy catastrophe?


Bangladesh stands at a precipice, gripped by a crippling gas and power crisis that threatens to plunge the nation into severe load shedding during summer. Overpopulated cities teeter under the crushing weight of insatiable energy demands. The government, despite allocating significant resources, finds itself ill-equipped to bridge the widening gap.
The repercussions are alarming. Industrial electricity costs have surged by a staggering 17 per cent in just a year, while power plants face a near 100 per cent increase in fuel expenses. This crippling effect spirals outwards, pushing the cost of essential goods and services beyond the reach of many, turning everyday essentials into luxuries.
The recent measures implemented by the Ministry offer a glimmer of hope, but they are woefully inadequate in the face of this monumental challenge. Metered billing systems are a necessary step, but a reactive solution at best. Crackdowns on unauthorised users, while essential, offer a major impact on a widespread problem.
Stringent penalties must be imposed to deter illegal consumption and ensure equitable distribution. Long-term strategic investments are paramount. Embracing renewable energy sources and diversifying fuel options are not just prudent choices, but imperatives for survival. This crisis is not a spectator sport. It demands immediate and effective intervention from the government and a collective effort from the citizenry. The future of Bangladesh hinges on our ability to act with urgency and foresight. We cannot afford to be lulled into a false sense of security. The time for decisive action is now. Otherwise, we risk plunging the nation into an abyss of economic and social despair.

Nazifa Sadeq
Student of North South University
Nazifa.sadeq@northsouth.edu

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