Technology News

Easypaisa Brings Solar Energy to Thousands of Pakistanis With No Electricity

hostpk .net
Written by hostpk .net

Easypaisa Brings Solar Energy to Thousands of Pakistanis With No Electricity

Telenor’s Easypaisa has collaborated with Roshan Energy to launch a first of its kind Solar Home Solution.

The innovative pay-as-you-go model enables customers to purchase and use Roshan Energy’s reliable solar solutions with an upfront payment of just 15%, whereas the remaining payments can be paid within 18 months through Easypaisa.

The product is based on a unique Pay As You Go (PAYG) model allowing users to top-up their Solar Home Solution from any of the 55,000 Easypaisa shops across the country or directly through their Easypaisa Mobile Accounts.

Solar solutions can be bought for 15% upfront payment with remaining paid off over 18 months through Easypaisa

The Solar Kits have a unique microcontroller which shuts down the Solar System automatically once the Top-Up amount has been consumed. Once all instalments are paid, the microcontroller becomes inactive and the Solar Solution will continue functioning without any further Top-Ups required.

The ownership of the Solar Kit is transferred over to the customer upon consuming a total recharge amount equal to the total cost of the solar kit.

This unique model has empowered customers to pick whether they want their solar equipment to work for a full month or just for a day. Currently, there are three Solar Solution Models being offered ranging from 30 to 100 watts solar panels.

On this occasion, Nadeem Hussain, CEO Tameer Microfinance Bank said,

“We have always aimed at developing products that change people’s lives for the better. Easypaisa is committed to accelerate socio-economic development by empowering people through innovative technologies. The launch of the Solar Home Solution is yet another testament of our vision to empower Pakistanis by delivering groundbreaking services with a transformative effect.”

Uzair Tahsin, CEO of Roshan Energy, sharing his views said,

”Low income consumers can afford a small Solar Home System provided the payment plan matches the existing payments structure for Kerosene, Candles, Batteries and Phone Charging. We have transformed electricity expenditure into an asset purchase.”

Expressing his delight, Yahya Khan, Chief Financial Services Officer, Telenor Pakistan said,

“This initiative will empower nearly 40% of the Pakistanis who live off the grid with access to clean and affordable solar energy. A large number of our rural population lacks access to the electricity and are dependent on expensive, inefficient fuel-based sources. The Solar Home Solution will provide a sustainable, affordable and long-lasting electricity solution.”

The Solar Home Solution has been rolled out in Hyderabad, Thatta, Badin, Tharparker and Rahim Yar Khan so far. Currently, the loan applications are accepted at selected Tameer Bank branches and Telenor Sales & Service Centres, with the aim of extending the solution to all Easypaisa shops.

About the author

hostpk .net

hostpk .net

If you like my posts, you can follow HOSTPK on Twitter. Subscribe to HOSTPK feed via RSS or EMAIL to receive instant updates