Bangladesh has been facing a major electricity crisis due to the energy crisis triggered by disruption in Global supply chains due to Covid 19 and the Ukraine-Russia war. The country relies heavily on Natural Gas, Furnace Oil, Diesel, and Coal. Although, rich with natural gas reserve, Bangladesh has to import LNG, crude oil and coal from international spot markets, which have skyrocketed since Covid-19 and recent Ukraine-Russia conflict. Due to the high cost of energy import Bangladesh has been importing less, which has created an energy crisis in the country.
As a result, the government initially declared scheduled load shedding throughout the country on July 19, 2022. Moreover, The government has advised bringing forward the opening time of the office by one hour and ordered all government institutions and educational institutions to conduct their activities 5 days a week. The government has also changed operational hours for Government offices and autonomous institutions from 9 am to 5 pm to 8 am to 3 pm. To give a hand to resolve this energy crisis issue, Bangladesh’s electronics market leader Walton has come forward by announcing all its activities off for 2 days a week.
Shutting down all operations in Walton for 2 days will save 872,257 kWh weekly, which can power a village of 10,000 people or 25 schools with 1000 students. Also, with this amount of electricity, it is possible to do agriculture on 1500 acres of land. Walton MD & CEO, Golam Murshed is one of the youngest business personalities in Bangladesh, and under his leadership, Walton has achieved unprecedented success in the past few years. By running production and official activities for 5 days a week, Walton has taken epoch-making decisions to resolve the ongoing crisis in Bangladesh, which will ultimately bring welfare to all.