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EP 18 20 All.Pdf M2K TECHNOLOGY & TRADING CO., BANGLADESH. M2K TECHNOLOGY & TRADING CO. PTE LTD., SINGAPORE. BANGLADESH: Amin Court Building (2nd floor), 62-63 Motijheel Commercial Area, Dhaka -1000, Bangladesh. Tel :+880-2-5716-0955 Fax : +880-2-5716-0966 E-mail : [email protected] SINGAPORE: Block 428, Clementi Avenue 3 # 10-430, Singapore-120428. Tel:+65-8299-8715 E-mail: [email protected] Website: www.m2kttc.com WE REPRESENT: Phenix Technologies Inc., USA. Phenix Systems AG, Switzerland. www.phenixtech.com & www.phenixsystems.com Doble Engineering Company., USA. www.doble.com Vanguard Instruments Company Inc., USA. www.vanguard-instruments.com Manta Test Systems Inc., USA. www.mantatest.com Morgan Schaffer, Canada. www.morganschaffer.com Globecore GmbH, Germany. www.globecore.de Larsen & Toubro Limited, India. www.lntebg.com Powerchina Nuclear Engineering Company Limited, P.R. China. www.powerchina-ne.com Editor Mollah M Amzad Hossain Fortnightly Magazine, Vol 18, Issue 20, April 1-15 Advisory Editor Anwarul Islam Tarek Mortuza Ahmad Faruque Saiful Amin International Editor Dr. Nafis Ahmed Contributing Editors Saleque Sufi Online Editor GSM Shamsuzzoha (Nasim) Managing Editor Afroza Hossain Policymakers, industry leaders and energy experts came together at a recent Deputy Editor virtual seminar to discuss possible ways of saving energy consumption in Syed Mansur Hashim industries. They stressed on the need for installation of energy-efficient Reporters Arunima Hossain machinery and equipment, and to finance these, greater integration among Assistant Online Editor banks, other financial institutions and industry is also required as Industrialists Aditya Hossain face unnecessary delays in securing loans. Manager A & A Md. Ariful Islam RMG and textile, which consumes 28% of total primary energy is a prime area Design & Graphics for saving energy. Sector leaders believe there is a need for coordinated effort by Md. Monirul Islam all factories to become efficient. The energy-efficient companies should be Photography rewarded with a cut in corporate tax and an award should be introduced for Bulbul Ahmed smaller factories so that they become interested to go green. Production Mufazzal Hossain Joy Energy experts believe that we are in the dark about energy audit baseline data. Computer Graphics Bangladesh Bank takes up green financing projects, yet no information is Md. Uzzal Hossain readily available on how many projects have received funding, how funds have Circulation Assistant Khokan Chandra Das been used, the results, which projects have not been monitored. Strengthening Editorial, News & Commercial energy audit of industry and inducting more skilled energy auditors are the need Room 509, Eastern Trade Center of the hour. 56 Inner Circular Road (VIP Road) Naya Paltan. GPO Box : 677 GIZ Bangladesh contributed the photos used in the Cover & Cover Inner Dhaka-1000, Bangladesh Tel & Fax : 88-02-58314532 Email: [email protected] [email protected] Website: www.ep-bd.com Price Bangladesh: Tk 50, SAARC: US$ 6, Asia: US$ 8, Europe: US$ 10, North America, Africa & Australia: US$ 14 23 9 45 Experts suggested expediting The textile and RMG sector is using Use of electric induction stoves exploration of hydrocarbon in the might reduce cooking cost nearly 30% of the electricity used in significantly in near future. onshore and offshore areas to industries. If energy-efficient Around 20% of the population is avert a possible crisis of primary machinery are installed, electricity using LPG for cooking energy in the country. They also usage can be reduced to 17.6%. For purpose and they have to pay recommended mining even the this to happen, concerned parties high price. If electricity price discovered coal resources to meet need to be incentivized. The becomes cheaper, induction the growing demand for energy in authorities will have to set standards cooker would be better option the economy. Not even a single for machinery while necessary than LPG cylinder. It might country is developed without coal. financing should be ensured at low reduce the growth rate of LPG cost. demand… BPC Chairman tells EP ...More in Special Report Encouraged by the readers and patrons, the EP would continue bringing out Green Pages to contribute to the country’s efforts in its journey towards environment-friendly energy. Contents 37 Factories Urged to Set Rooftop Solar Panels 38 Two More Wind Power Plants on Cards 39 German Solar Developer Faces Demonstration in Bangladesh 39 Govt to Discourage Sub­standard Equipment for RE Contents 5 WORLD WATCH 31 WEBINAR Latest Development in Bangladesh’s Geological World Setup Rich in Atomic Minerals 6 SNAPSHOT 33 REPORT Latest Development Ongoing Projects to Ensure Uninterrupted Power Supply: 9 COVER Nasrul Big Hurdles To Cut Industrial 34 Gas Supply Disruption Consumption in Dhaka 15 SPECIAL ARTICLE 35 VAT on LPG Down to 7pc Time for Revisiting Kitchen 35 Saudi Aramco 2020 Profits Fuel Options in Bangladesh Slump 19 ARTICLE 41 CLIMATE Gas System Management Energy, Climate Leaders to Turns Critical Boost Clean Energy Momentum 23 SPECIAL REPORT Bangabandhu’s Energy 42 SDG Success to Depend on Vision Hardly Followed Localized Execution 27 ARTICLE 43 COLUMN Unparallel Achievements Indo­Bangla Connectivity is Should Not Make Us Key to Region’s Prosperity Complacent 29 SDGs 45 INTERVIEW SDG 3: Issues of Major Death Md Abu Bakr Siddique Climate vulnerability, Covid Chairman, Bangladesh and implementation of SDG Petroleum Corporation Worldwatch Natural Gas Has Vital Role in Siemens Under Pressure Again Energy Transition: IEF Sec Gen Over Australia Mega Coal Mine The role of natural gas as an enabler in the en- Siemens faces renewed pressure from protesters in Australia ergy transition while un- demanding the German engineering company quit a mega derpinning economic mining project that has breached environmental protection activity will be an im- rules. portant theme in the in- Adani Enterprises has broken rules on four occasions and has ternational energy been handed two fines totaling 25,920 Australian dollars discussion in the years ($20,000) since contracting Siemens to work on its ahead, the President of Carmichael coal and rail project, a group called SumOfUs the International Gas Union (IGU), Joe M. Kang, said recently. said. Speaking at the 50th edition of the GECF Gas Lecture Series, en- Adani's Australian unit has described the breaches as minor titled ‘A Clean, Secure, and Affordable Energy Future Requires and said it has addressed them. Electricity, Gas, and Infrastructure’, Kang, who holds a Ph.D. in Petroleum Engineering and who has led the 90-year-old IGU for The Queensland mine - which will extract 10 million tons of Korea’s 2018-2021 triennium presidency, argued that only by coal per year - has provoked controversy in Australia at a time marshalling a collective effort that the world can guarantee a when the coal industry is under scrutiny for its high levels of prosperous and secure future. greenhouse gas emissions linked to global warming. “The (climate change) debate in recent years has been intense SumOfUs called on Siemens to cancel its contract with Adani and loud, but the world has not come far in aligning on an ap- and more than 121,000 people have signed a petition de- proach that enables us to meet the enormous challenges of de- manding Siemens CEO Roland Busch take action. carbonisation, energy access and energy security. SumOfUs is a non-profit consumer group registered in the “It will require a clarity of purpose and approach that has been United States which runs online campaigns aimed at curbing lacking to date, but we have to settle on an approach that delivers the power of companies. clean, secure and affordable energy,” said Kang. Protests took place at Siemens's shareholder meeting in The economic and environmental value of natural gas in a sus- 2020, and tainable energy future against the backdrop of a groundswell of Busch's predeces- anxiety about climate change was also touched upon the GECF sor Joe Kaeser last Secretary General Yury Sentyurin. year said Siemens could quit the HSBC to Phase Out Coal Funding contract if "our customer violates on Shareholder Pressure the very stringent HSBC bank recently unveiled plans to phase out financing of environmental the coal industry over the next two decades, bowing to share- obligations". holder pressure to do more to tackle global warming. "HSBC today announces it will propose a special resolution on Shell Experiences Historic climate change," the lender said in a statement. "The resolution will set out the next phase of HSBC's strategy to sup- Net Loss in 2020 port its customers on the transition to net zero carbon emissions." The Royal Dutch Shell plc, more popularly known sim- The plan, which will see HSBC reduce its exposure to fossil ply as Shell, is one of the largest companies in the fuels, will be put to a vote at its upcoming annual general meet- world. ing on May 28. Activist group ShareAction claimed victory after HSBC's board However, due to the crippling effects of the COVID-19 tabled a resolution that commits the company to phase out fi- pandemic, demand for oil fell sharply reducing its price nancing of coal-fired power and thermal coal mining by 2030 to historic lows. in the EU and OECD, and by 2040 elsewhere. As a result, Shell had one of its worst years in history, ShareAction and other investors have now withdrawn their sep- having to cut its dividend for its shareholders for the arate move. first time since World War II. According to data pre- "HSBC's resolution will be the sole resolution on climate change sented by TradingPlatforms.com, Shell posted a $21.5B at this year's AGM," the bank added. net loss in 2020, with revenue dropping by over 47%. April 1, 2021 5 Snapshot Exploration Activities of GSB to PM Postpones Payra PP’s be Enhanced: Nasrul Opening Schedule State Minister for Power, Prime Minister Sheikh Hasina has postponed the schedule of ’ Energy and Mineral Re- the opening of country s largest mega coal-fired Power Plant sources Nasrul Hamid re- having capacity to generate 660MW electricity on March 31, cently said that the 2021, a top official said.
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