energy
10-member special committee formed to address energy situation
Parliament on Sunday formed a 10-member special committee with a 30-day tenure to submit a report with recommendations for addressing the country’s energy situation stemming from the Middle East crisis.
The committee, headed by Power and Energy Minister Iqbal Hassan Mahmood Tuku (as the chairman), was formed under the rule 266 of the rules of procedure after Chief Whip Nurul Islam Moni placed a proposal for the formation of the body in the House.
The joint committee was constituted with five members each from the treasury bench and the opposition bench.
The five members from the treasury bench are Power, Energy and Mineral Resources Minister Iqbal Hassan Mahmood Tuku, State Minister Anindya Islam Amit, and BNP MPs ABM Ashraf Uddin Nizan (Laxmipur-4), Moinul Islam Khan (Manikganj-2) and Miah Nuruddin Ahmad Apu (Shariatpur-3).
The five members from the opposition bench are Jamaat lawmakers Md Saiful Alam (Dhaka-12), Md Nurul Islam (Chapainawabganj-3) and Md Abdul Baten (Dhaka-16), NCP MP Md Abul Hasnat (Cumilla-4) and Khilafat Majlis lawmaker Mohammed Abul Hasan (Sylhet-5).
On April 23, Prime Minister Tarique Rahman proposed in Parliament the formation of a 10-member joint committee seeking five names from the opposition to work together on ‘rational solutions’ to the country’s ongoing energy problem.
He also proposed five names from the government side for the committee.
Hours later on the same day, Leader of the Opposition Shafiqur Rahman in the House proposed five MPs from his side for a 10-member joint committee.
6 days ago
Bangladesh faces rising energy import costs amid global volatility: Muktadir
Commerce Minister Khandakar Abdul Muktadir on Monday said Bangladesh has to purchase liquefied natural gas (LNG) at nearly double the earlier price and crude oil at sharply higher rates due to volatility in the global energy market triggered by the Middle East conflict.
“Under G2G contracts, we used to buy LNG at $10 per unit, which now has to be purchased at $20. On the other hand, crude oil was priced at $50-60 per barrel, which has now crossed $110. Soon after the formation of the government, fuel prices doubled due to the Middle East war,” he told a seminar organised by the Dhaka Chamber of Commerce and Industry (DCCI) at a city hotel.
The sudden outbreak of war created an unexpected havoc that no one had planned for, and managing this situation has now become a major challenge, the minister said.
He also noted that fertiliser is being purchased at nearly double the price amid the volatile situation. “We require around 2.6 million tonnes of urea annually. A bulk portion has to be imported because for many years we have not been able to keep our fertiliser factories running throughout the year due to gas shortages. The gas we cannot use to run fertiliser plants has to be imported again using foreign currency. Gas that we used to buy at $456 now has to be purchased in excess of $800.”
Muktadir said bearing the high cost of fuel has become “difficult” for the government. “The government’s manoeuvring capability, its financial cushion to prioritise spending has become very limited. The ability to allocate expenditures according to priorities has become extremely difficult for this government.”
Highlighting the lack of fuel storage capacity in Bangladesh, he said the country will not have faced the current double cost burden if adequate reserves were available. “Bangladesh does not have proper fuel storage facilities. If we had the capacity to store LNG for two months, we would not have to buy LNG from the spot market at $20 instead of $10.”
The minister also said the government plans to expand the tax net rather than increasing taxes. “To bring fiscal discipline, we need to widen the tax base. We are not increasing individual taxes; rather we are expanding the tax net. I believe the NBR and the finance ministry are working with that goal and intention.”
He said the government will try its best in the upcoming budget to avoid additional pressure on people, while ensuring industries remain operational despite the energy crisis.
Muktadir noted that subsidy pressure remains high in the budget.
He said revenue collection as a share of GDP has remained low for a long time, while expenditure, particularly subsidies, continues to rise. Due to international price volatility in power and energy, the government has to provide large subsidies, while agricultural subsidies for fertiliser, electricity and other inputs also continue.
As a result, financing development projects is becoming difficult, the minister said, adding that investment in major infrastructure projects, social safety net programmes and human resource development is being constrained.
“To meet regular budget deficits, the government has to rely on domestic and foreign borrowing. This increases the debt burden and interest payments, which may create fiscal risks in the future,” he warned.
Muktadir emphasised modernising the tax system and expanding the tax net, expressing hope that strengthening digital tax collection platforms will increase revenue and help manage subsidy pressures.
19 days ago
Fuel prices to remain unchanged in March
The prices of diesel, octane, petrol, and kerosene will remain unchanged in March, the Energy and Mineral Resources Division has said.
On February 26, the division sent a letter to the chairman of Bangladesh Petroleum Corporation (BPC) instructing that all types of fuel prices be kept steady.
The letter was made public on Sunday morning.
Earlier, on February 1, the government reduced fuel prices by Tk 2 per litre.
Diesel was lowered from Tk 102 to Tk 100 per litre, octane from Tk 122 to Tk 120, petrol from Tk 118 to Tk 116, and kerosene from Tk 114 to Tk 112.
For March, prices will remain the same.
Fuel prices in Bangladesh are determined monthly for consumers through an automatic pricing system which adjusts rates based on fluctuations in global oil markets.
According to the revised Automatic Fuel Pricing Guidelines,the Energy and Mineral Resources Division has decided to maintain March fuel prices unchanged.
2 months ago
Zeroing energy bills biggest success for interim govt: Fouzul Kabir
Clearing massive outstanding dues owed to foreign energy suppliers has been the biggest achievement of the interim government in the energy sector, Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan said on Tuesday, marking his last working day in office.
Speaking at a press conference at Bidyut Bhaban reviewing the interim government’s performance in the power and energy sector, the adviser said the sector had been burdened with huge liabilities when the government took office.
“The biggest challenge was settling the dues. Within days of taking charge, I was told that LNG imports would not be possible unless payments were cleared. Late payment fees were also crippling the energy sector. Considering everything, we decided that settling the dues would be our top priority,” he said.
According to the Energy and Mineral Resources Division, Petrobangla’s outstanding dues to various international oil and gas companies had stood at Tk 9,106 crore following the fall of the Awami League government on August 5, 2024. Between then and April 2025, Petrobangla paid energy bills worth Tk 35,700 crore, bringing its outstanding liabilities down to zero.
The adviser said cost optimisation was another major focus of the interim government alongside debt repayment. Through lower premiums in both spot and long-term LNG purchases, around Tk 1,500 crore was saved in the first six months, he said.
Petrobangla has signed new Master Sales and Purchase Agreements (MSPAs) with 24 companies, enabling LNG imports at reduced premiums. While the average premium stood at USD 1.28 per unit between July 2023 and August 2024, it has now dropped to 38 cents.
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“Although we have little control over international gas index prices, significant savings were achieved through lower purchase premiums,” Fouzul said, adding that unnecessary expenditure in gas exploration drilling was also curtailed.
He said the government repealed the Speedy Supply of Power and Energy (Special Provision) Act, 2010, and conducted drilling under the Public Procurement Act and Rules (PPR), ensuring transparency and competitive pricing.
According to official estimates, significant cost savings were made in drilling five gas exploration wells in Bhola under BAPEX. Earlier projected costs of Tk 1,555 crore were reduced to Tk 907 crore.
However, Fouzul acknowledged that gas discovery from the drilled wells fell short of expectations. “The amount of gas discovered is insufficient compared to the depletion rate. Exploration is a time-consuming process. Even feasibility tests take more than six months, and the interim government did not have enough time to complete many initiatives.”
The adviser also said no major investment could be secured in the energy sector due to uncertainty over the government’s tenure. “Potential investors repeatedly asked about the government’s term. As we could not provide a clear answer, it was not possible to finalise major investment deals.”
No decisions were taken on coal-based energy projects, leaving those to the elected government, he added.
Fouzul also said document-related complexities of offshore bidding processes initiated during the previous government had been resolved.
Outlining recommendations for the next government, he stressed the importance of offshore bidding for oil and gas exploration in maritime areas, along with plans to establish land-based LNG terminals and a fourth Floating Storage and Regasification Unit (FSRU).
To address the country’s gas crisis, the energy division has recommended drilling 100 wells by 2028, which could add an additional 900 million cubic feet per day (mmcfd) of gas to the national grid.
On his final working day, the adviser said he would leave behind a written guideline for the next minister in charge. “I did not receive any roadmap when I took office. But the next person should know where to start and which direction to move in.”
Senior officials of power and energy-related agencies, ministry officials, and public and private sector stakeholders were present at the press conference.
2 months ago
ECNEC approves Tk 35,465 cr project to modernise Eastern Refinery
The Executive Committee of the National Economic Council (ECNEC) on Tuesday (December 23, 2025) approved a Tk 35,465 crore project to modernise and expand Eastern Refinery Limited (ERL), aiming to strengthen Bangladesh’s energy security, produce cleaner fuel and cut dependence on imported refined petroleum products.
The approval came at an ECNEC meeting held at the NEC Auditorium of the Planning Commission with Chief Adviser Professor Muhammad Yunus in the chair.
Titled “Modernisation and Expansion of Eastern Refinery Limited (ERL),” the project has been undertaken by the Energy and Mineral Resources Division and will be implemented by ERL on behalf of the Bangladesh Petroleum Corporation (BPC).
It falls under the power and energy sector and will be implemented in the Patenga area under Chattogram City Corporation in Chattogram district from December 2025 to November 2030.
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Of the total estimated cost, Tk 21,277.59 crore will be provided as a government loan, while Tk 14,187.56 crore will come from ERL’s own resources.
According to official documents, the key objectives of the project are to further reinforce national energy security, produce cleaner and more environment-friendly petroleum products and reduce the country’s heavy reliance on imported finished petroleum products.
Under the project, a wide range of activities will be carried out, including site preparation, detailed engineering, procurement and construction involving both civil and mechanical works.
A total of 20 processing units and 18 utility and off-site units will be installed as part of the expansion.
Besides, electrical line connections will be taken from the Power Development Board (PDB), gas line connections from Karnaphuli Gas Distribution Company Limited (KGDCL), drainage infrastructure will be constructed, and computers, office equipment and other ancillary items will be procured.
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Eastern Refinery Limited, established in 1968, currently has a crude oil processing capacity of 1.5 million metric tonnes per year.
At present, ERL meets only about 20 per cent of the country’s total demand for petroleum products, with the remaining requirement being fulfilled through imports.
This results in a substantial outflow of foreign currency for importing refined fuels.
Officials said the introduction of Euro-5 fuel standards has made petroleum product specifications much more stringent.
The proposed modernised refinery will produce Euro-5 standard environment-friendly gasoline and diesel, while upgrading existing diesel, motor spirit and octane produced at ERL to Euro-5 standards.
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In the meantime, BPC has already implemented the “Installation of Single Point Mooring (SPM) with Double Pipeline” project, which will enable transportation of up to 4.5 million metric tonnes of crude oil annually.
This development has created favourable conditions for handling larger volumes of crude oil required for the expanded refinery.
The Planning Commission, in its recommendation, said that once implemented, the project would enable the country to refine 3 million metric tonnes of crude oil annually and meet around 45 to 50 per cent of national demand for petroleum products.
This is expected to enhance fuel storage capacity, save a significant amount of foreign exchange and contribute to ensuring long-term energy security for the country.
Under a Processing Agreement with Bangladesh Petroleum Corporation (BPC), ERL processes crude oil imported by BPC and delivers the finished petroleum products to the other subsidiaries of BPC for marketing and distribution.
Read more: Govt approves Tk 462.99cr Karnaphuli Tunnel connectivity project
4 months ago
How to Save Gas While Cooking at Home
With the rising cost of gas cylinders in Bangladesh, every bit of gas you save counts. Learning to save gas while cooking at home helps you save money and contributes to a more sustainable environment. Let’s explore effective tips to save cooking gas in rural and urban home kitchens.
Ways to Save Gas While Cooking in Home Kitchens
Cook with a Lid On
Cooking with a lid on your pots and pans is a simple yet highly effective way to conserve gas. The lid traps heat inside the cookware, allowing food to cook more quickly and evenly. Without a lid, much of the heat escapes into the air, leading to longer cooking times and increased gas consumption.
By consistently covering your pots and pans, you can significantly reduce the amount of gas required for cooking. This small adjustment saves energy and speeds up meal preparation, making your kitchen more efficient.
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Opt for Smaller Burners
Choosing the right burner size for your cookware is crucial for efficient gas usage. When cooking with a small pot or pan, it is best to use a smaller burner. A large burner under a small pot wastes gas because the flame extends beyond the cookware, releasing heat into the air instead of focusing it on the pot.
Matching the burner size to the cookware ensures that all the heat is directed where it is needed which reduces cooking time and gas consumption. This simple habit can make a noticeable difference in your gas usage.
Batch Cooking
Batch cooking is a strategic way to save gas by preparing multiple meals at once. Instead of cooking individual meals throughout the week, you can cook larger quantities in one go, using the gas stove for a shorter overall time.
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Once cooked, these meals can be stored in the refrigerator or freezer and reheated later, which requires far less gas than cooking from scratch. This approach saves gas also time and effort during busy weekdays. By planning and preparing meals in batches, you can optimise gas usage and enjoy ready-to-eat meals.
Soak Grains and Pulses
Soaking grains, pulses, and beans before cooking is an excellent method to reduce cooking time and save gas. When these ingredients are soaked, they absorb water and soften, which significantly shortens the time needed to cook them.
For instance, soaked lentils can cook in a fraction of the time compared to unsoaked ones, meaning you will use much less gas. Additionally, soaking helps to break down complex carbohydrates, making the food easier to digest. Incorporating this simple step into your cooking routine can lead to both energy savings and improved meal quality.
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Use Flat-bottomed Cookware
Flat-bottomed cookware is essential for efficient cooking and gas conservation. Pots and pans with a flat base make better contact with the stove, allowing for even heat distribution across the entire surface. This reduces cooking time and ensures that the heat is used effectively, rather than being wasted.
In contrast, warped or uneven cookware can result in uneven cooking and longer cooking times, leading to unnecessary gas consumption. Investing in good quality, flat-bottomed cookware can improve your kitchen’s efficiency, helping you save both time and gas while preparing meals.
Keep Burners Clean
Maintaining clean burners is key to ensuring your gas stove operates efficiently. Over time, food spills, grease, and debris can clog the burner openings, leading to uneven gas flow and a weaker flame. This inefficiency not only makes cooking slower but also increases gas consumption.
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Regularly cleaning your burners helps maintain a steady, strong flame, which allows for faster and more efficient cooking. A well-maintained stove saves gas and extends the life of your appliance. This makes it a worthwhile habit to adopt for both energy savings and kitchen safety.
Simmer, Don’t Boil Vigorously
After bringing food to a boil, reducing the heat to a simmer can significantly cut down on gas usage. Many people mistakenly believe that boiling food vigorously cooks it faster, but in reality, it only wastes gas.
Simmering, which involves cooking at a lower, steady heat, is just as effective and far more efficient. Once your food reaches the boiling point, lowering the flame and allowing it to cook gently will ensure that you are not using more gas than necessary. This method saves energy and often results in better-tasting food.
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Turn Off the Gas Early
Turning off the gas a few minutes before your food is fully cooked is an effective way to conserve energy. The residual heat in the pot or pan continues to cook the food even after the gas is turned off, meaning you can save gas without compromising the quality of your meal.
This technique works particularly well for dishes like rice, pasta, and vegetables, which can finish cooking in the retained heat. By adopting this practice, you can gradually reduce your gas usage and make your cooking routine more efficient.
Plan Your Meals
Meal planning is an excellent strategy for optimising gas usage in the kitchen. By planning your meals, you can prepare dishes that require similar cooking times or temperatures, reducing the need to keep the stove on for extended periods.
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For example, you might cook multiple items simultaneously or use the residual heat from one dish to start another. Additionally, planning helps you avoid last-minute cooking, which can lead to inefficient use of gas. A well-organised meal plan saves energy as well as makes your cooking process more streamlined and stress-free.
Use the Right Size of Cookware
Using cookware that matches the size of your burner is crucial for efficient gas consumption. A small pot on a large burner results in wasted gas, as the excess flame spills out around the pot instead of heating it directly.
Conversely, using a large pot on a small burner can lead to longer cooking times, as the heat is insufficient to cook the food efficiently. To maximise gas efficiency, always choose cookware that corresponds to the size of the burner. This simple adjustment ensures that the heat is focused where it is needed, reducing gas usage and cooking time.
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Gas Stove Maintenance
Regular maintenance of your gas stove is essential for optimal performance and preventing gas leaks, which can be both wasteful and dangerous. Over time, burners can become clogged, and gas lines can develop leaks, leading to inefficient cooking and potential safety hazards.
By scheduling regular check-ups and cleaning for your stove, you ensure that it functions correctly and uses gas efficiently. This saves energy and extends the lifespan of your appliance. Proper maintenance is a small investment that pays off in reduced gas bills and a safer kitchen environment.
Explore Alternatives: Pressure Cooker and Other Methods
Exploring alternative cooking methods can further reduce your reliance on gas. Using a pressure cooker is one of the most efficient ways to save gas in the kitchen. Pressure cookers work by trapping steam inside, which increases the pressure and temperature, allowing food to cook faster. Whether you are preparing rice, lentils, or meat, a pressure cooker can cut cooking times by half or more. Moreover, pressure cooking retains more nutrients in the food, making it a healthier option. For frequent cooking, opting for a pressure cooker can lead to substantial gas savings.
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You can also use an induction cooker, electric stove, solar cooker, or microwave to complement your gas stove, especially on sunny days or when cooking smaller meals.
Using these electric cooking appliances, you can use much less gas compared to traditional cooking methods. While the initial investment might seem significant, the long-term savings on gas can make it worthwhile. Additionally, these alternatives often have faster cooking times and can be more energy-efficient for certain tasks. By diversifying your cooking methods, you can reduce your overall gas consumption, lower your utility bills, and contribute to a more sustainable lifestyle.
Final Words
Saving gas while cooking at home is not just about cutting costs but also about adopting smarter cooking practices that benefit your household and the environment. By implementing these simple tips, you can make your cooking process more efficient, reduce your gas consumption, and contribute to a greener world. Start making these changes today, and enjoy the benefits of more economical and eco-friendly cooking.
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1 year ago
BPDB to bear the brunt after recent hike in US Dollar rate
Bangladesh Power Development Board (BPDB) is going to bear the brunt after recent enhancement of US Dollar rate as it will have to spend an additional amount of over Tk 7,300 crore to purchase electricity from the private sector.
According to official sources, the BPDB's annual spending was roughly calculated as Tk 104,000 crore for purchasing electricity from the independent power producers (IPPs) for the fiscal year 2023-24. The total expense will now go up to about Tk 1,11,300 crore, according to officials familiar with the estimate this week.
But after the increase in the rate of USD by the central bank through the introduction of a crawling peg system, the BPDB has been a great victim of such a decision.
The Bangladesh Bank on May 8 unveiled the crawling peg exchange rate system and allowed banks to buy and sell US dollars freely near Tk117, as well as letting go of its regulatory power of the Smart rate, and hiking the repo rate.
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Under this system, a crawling peg mid rate (CPMR) has been set at Tk117 per US dollar with immediate effect.
Scheduled banks may purchase and sell US dollars freely around the CPMR with their customers and in interbank deals, the notice also said.
A crawling peg system is a method of exchange rate adjustments that allows a currency with a fixed exchange rate to fluctuate within a band of rates. It is a hybrid of fixed and floating exchange rate systems.
"The payment mode of the power purchase agreements (PPAs) with the IPPS is in USD. So, we have to incur a huge financial loss when the USD rate goes up", a top official of the BPDB told UNB.
As the issue is very sensitive, preferring anonymity, he said the BPDB's loss will be enormous this year as the dollar rate went up in one go by Tk 7 to Tk 117 from the Tk 110.
He said the extra burden of paying Tk 7,300 crore will complicate the situation when the International Monetary Fund (IMF) has been insisting on reducing government's loss in buying electricity from the private sector.
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He noted that The BPDB has to spend over Tk 12 in each unit of power generation while its average selling rate is about Tk 8.95 with incurring over Tk 3 per unit.
"The IMF has repeatedly been putting pressure on the BPDB to raise the electricity tariff to reduce the financial loss. Now, after enhancement of the USD rate, the financial loss will be tough to manage", said another official of the BPDB.
He, however, said despite the pressure from the international lending agency, the BPDB has not taken any decision to raise the tariff shortly.
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"The Power Division and the BPDB have been making their own calculations about the impact of the USD rate enhancement. The final decision will come from the government if any decision is taken politically to raise the power tariff", added.
The BPDB annual report reveals that as the single buyer in the power sector, the organisation's operating expense was Tk 93,797.37 in the fiscal year 2023-24.
1 year ago
Visit by Qatar's Emir to strengthen cooperation in manpower, energy, and investment: Foreign Ministry
Bangladesh and Qatar want to expand the existing ties with broader cooperation in the areas of manpower, energy, trade and investment following the planned visit of Qatar’s Emir Sheikh Tamim bin Hamad Al Thani to Bangladesh next month.
The two countries are in discussion to finalise nearly a dozen of cooperation documents which will be signed during the visit, said a source at the Ministry of Foreign Affairs.
The two-day visit is likely to take place on April 21-22, he said.
The two sides are now working on the MoUs and agreements that will be signed after the Emir’s meeting with Prime Minister Sheikh Hasina.
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The Ministry of Foreign Affairs has already held an inter-ministerial meeting to discuss various aspects of the visit.
In March last year, Prime Minister Sheikh Hasina had a meeting with the Emir of Qatar Sheikh Tamim bin Hamad Al Thani on the sidelines of the United Nations Conference on Least Developed Countries (LDC5) in Doha.
She sought increased energy, particularly LNG, from Qatar to meet the energy demands.
The State of Qatar recognised Bangladesh as a sovereign State on March 4, 1974 following the 2nd OIC Summit held in February 1974.
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Bangladesh opened its diplomatic mission in Doha on June 25, 1975. The State of Qatar reciprocated by opening its diplomatic mission in Dhaka in 1982.
Bilateral relations between Bangladesh and Qatar are based on mutual respect, shared values, common religious ground, shared culture, and tradition.
People-to-people contacts bolstered by more than four hundred thousand Bangladeshi workers who are highly appreciated as disciplined and hardworking is one of the dominant features of bilateral relations, according to the MoFA.
Bangladesh and Qatar consider each other as brotherly countries and important development partners in materialising Bangladesh’s Vision 2041 and Qatar’s vision 2030.
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2 years ago
Walton brings country’s first 6-star energy rating AC
Bangladeshi electronics giant ‘Walton’ has released BSTI’s 6-star energy rating certified split type air conditioner in the domestic market. In Bangladesh, only Walton brand ACs have achieved the BSTI’s 6-Star and 5.5 Star energy rating certificates.
It is the most energy-efficient AC in South Asian countries, according to a media statement.
Only Walton AC has a 5-inch TFT color display that shows various important information including running data, performance, timing, and indoor and outdoor temperature of AC.
Walton AC can be controlled from anywhere through IoT smart control system using smart apps solution function and electricity bills are also calculated easily using the apps. Beside any defects of AC can be diagnosed through smart diagnosis system, reads the release.
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In this summer, customers are offered ‘nonstop millionaire’ on the purchase of Walton AC from any Walton Plaza, distributor outlet or online sales platform ‘E- plaza’ across the country under the Walton’s digital campaign Season-20.
Besides, crores of taka sure cashback are also available. Customers will enjoy the benefits of season-20 from March 1 to till further announcement.
Under the Walton’s AC exchange offer, customers can purchase Walton’s brand new model of split ACs with maximum Tk 23,000 discounts in exchange of their old or used ACs of any brands.
Walton AC’s Chief Business Officer (CBO) Tanvir Rahman said, “Walton is manufacturing and marketing high standard ACs with world’s largest numbers of features. In continuation of this service, Walton has released the country’s first BSTI 6-star energy rating and South Asia’s most energy efficient AC for customers in the market. The price of this new model of AC is set at Tk 65,000.”
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He added that customers can check the energy efficiency of Walton AC by contacting Walton’s nearest sales point, service center or call center at 16267.
Walton AC’s customers are getting one year replacement facility, 10-year guaranty on compressor, 3-year warranty on spare parts and 1-year free after sales service.
Walton provides swift and fast after-sales service to AC customers through 82 service points across the country under the ISO Certified Service Management System along with 300 service partners.
The skilled and experienced engineers and technicians of Walton are providing free service to AC buyers in every 100 days, added the release.
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2 years ago
US to work with Bangladesh to ‘enhance economic investment’ in next 50 years and beyond
The United States has said it looks forward to working with Bangladesh to "enhance economic investment" over the next 50 years and beyond.
The visiting US delegation met Salman F Rahman, Private Industry and Investment Adviser to PM Sheikh Hasina, to hear how government and private companies are collaborating.
Eileen Laubacher, Special Assistant to the President and Senior Director for South Asia, US National Security Council (NSC); Michael Schiffer, USAID Assistant Administrator, Bureau for Asia; and Afreen Akhter, US Department of State Deputy Assistant Secretary for South and Central Asia, are on a three-day visit to Bangladesh.
For over 50 years, the US has partnered with the government and the people of Bangladesh, providing over $8 billion to tackle issues like public health, education, energy, environment, food security, natural disasters, and more.
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The United States is one of the largest investors in Bangladesh and its largest single country export market, said the US Embassy in Dhaka.
"Our leadership from Washington D.C. joined local economic experts to discuss a range of issues impacting the bilateral trade relationship," said the US Embassy.
The United States "stands ready" to help Bangladesh create a business climate that attracts more investment from the US.
The delegation discussed ways to improve the business environment, making investment in Bangladesh more attractive to American companies.
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The three officials, according to the US side, are visiting Bangladesh to discuss with the government of Bangladesh ways to "strengthen diplomatic ties, address challenges, and promote a shared vision for the advancement of mutual interests in the Indo-Pacific region."
They also met Foreign Minister Dr Hasan Mahmud, Foreign Secretary Masud Bin Momen, civil society representatives, labour leaders, youth activists and those engaged in developing a free and uncensored media.
"We discussed with the Foreign Minister how our two countries can work on mutual interests, including economic development, security, refugees, climate, labor, and trade," said the US Embassy in a separate message after the meeting.
Bangladesh is an important partner in the Indo-Pacific region, it said.
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2 years ago