Alternate Energy Equipment Leasing

Power shortage is one of the major issues of Pakistan, which is not only disturbing a common man’s life but also destroying the economics of the country. Although the government is trying to fight the power crises with the help of installation of new power generation units and alternate energy resources, the problem lies there.

I have a suggestion that the government should instruct the banks to start leasing the alternate energy equipment with installation for domestic consumers. The cost of solar and wind turbine unit (both at a time), is approx. Rs. 350,000/- to 400,000/-. These either units or single unit is capable of generating power sufficient for a double story house.

This amount cannot be afford by a salaried person in one go. Therefore, if the banks start leasing this equipment then the domestic consumers can get rid of the headache of load-shedding in a short period.

The cost of this equipment can be recovered in 5-7 years and these are not highly maintainable.

I request the government and the alternate energy board to look into this option because on one side this will reduce the load consumption and on the other side domestic consumers can get the uninterrupted power supply with the piece of mind.