Buksh En­ergy, Bank Al­falah Join Hands for Green Fi­nanc­ing

The Financial Daily - - NATIONAL -

Staff Re­porter LA­HORE: Buksh En­ergy Pvt. Ltd. has de­vel­oped unique so­lu­tions in the re­new­able and al­ter­nate en­ergy sec­tor of Pak­istan to cre­ate green so­lu­tions that have helped cre­ate pos­i­tive scal­able im­pact and ben­e­fit for the masses. In lieu of a suc­cess­ful busi­ness friendly re­la­tion­ship with Bank Al­falah in re­new­able en­ergy pro­jects un­der­taken in the past, it's an honor to an­nounce that Bank Al­falah Limited and Buksh En­ergy have joined hands once again un­der the ban­ner of "Green Fi­nanc­ing Part­ner­ship". The pro­gram has been de­signed for Bank Al­falah Limited Clas­sic, Gold and Pre­mium credit card cus­tomers who would now be able to en­joy cus­tom­iz­a­ble So­lar Home So­lu­tions de­signed by Buksh En­ergy Pvt. Ltd. Un­der a tri-pa­tri­ach re­la­tion­ship, BAFL would lease fi­nance the home solution to it's cus­tomers, the ini­tia­tive has been de­signed con­sid­er­ing the high up­front cost of the so­lar so­lu­tions and is a first ever pro­gram of its na­ture. The home solution con­sists of 500W upto 4.5kW which is cus­tom­iz­a­ble and can be de­signed ac­cord­ing to the cus­tomer's demands which may in­clude ad­di­tional Fans, LED Lights, Air Con­di­tioner and LCD TVs. The part­ner­ship pro­gram has been de­signed con­sid­er­ing the high up­front cost of a so­lar solution and to make it read­ily avail­able be­cause of the large scale and multi-pa­tri­arch ben­e­fits al­ter­nate and re­new­able en­ergy can pro­vide. At the agree­ment sign­ing cer­e­mony AGM Con­sumer Fi­nance and Oper­a­tions - Za­heer Ab­bas com­mented: "It is a great mo­ment for us as this is per­haps the first such part­ner­ship by any bank on credit cards. We hope to achieve max­i­mum mileage out of it due to in­creas­ing aware­ness be­ing gen­er­ated for so­lar so­lu­tions, sav­ings in elec­tric­ity bills and also ac­cess to reg­u­lar source of power be­ing given to cus­tomers avoid­ing the load shed­ding rel­e­vant is­sues". Saaqib Ma­lik - Head of Cards, Con­sumer Fi­nance Group on the oc­ca­sion com­mented: "We are ex­tremely ex­cited of this strate­gic part­ner­ship with Buksh En­ergy. This is first of its kind prod­uct of­fer­ing through a credit card in Pak­istan, which not only caters to the most wanted elec­tric­ity need of house­holds these days but also en­ables them to get ac­cess to con­tinue elec­tric­ity through cheaper means. We, at Bank Al­falah Ltd, al­ways look for in­no­va­tive prod­ucts and so­lu­tions for cus­tomers and pro­vide them with fi­nan­cial ease through Step-By-Step solution, which al­lows them to pay back in af­ford­able in­stall­ment plans" Fiza Farhan-Direc­tor Buksh En­ergy said "we are pleased to have part­nered with Bank Al­falah Limited for Green Fi­nanc­ing Part­ner­ship pro­gram, the part­ner­ship aims to lease fi­nance So­lar Home So­lu­tions de­signed by Buksh En­ergy to fa­cil­i­tate BAFL's credit card cus­tomers.

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