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Going Green: Buksh Energy and Bank Alfalah Limited Join Hands For Green Financing Partnership

Going Green: Buksh Energy and Bank Alfalah Limited Join Hands For Green Financing Partnership

Buksh Energy LogoBuksh 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 – Mr. 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”.

Mr. 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. The program is unique in nature and would strengthen the relationship between both these organizations while opening avenues for renewable energy sector and stability of the financial sector of the Country”

Buksh Energy is a leading solar energy integrator company which has created renewable energy solutions for the financial sector, telecom sector, agriculture sector, commercial & residential clients and has collaborated with international partners. BEPL and BAFL have collaborated in the past for supporting the financial sector of the country through implementation of Solar ATMs and for supporting the under privileged living in the rural un-electrified areas of Pakistan to raise their basic living standards.

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