First National Bank said on Thursday that it will provide 10 000 generators at “significantly discounted prices” to small businesses and residential clients in an effort to “alleviate the immediate impact of load shedding”.
It said the plan represents the first phase of a long-term strategy to help customers address energy constraints through alternative energy solutions.
The generators are available in various sizes, starting at 2,5kVA and going up to 7kVA. Clients can purchase the generators at the eBucks Shop using cash, eBucks or their FNB banking facility.
Clients are entitled to a 20% price discount depending on their eBucks rewards level, it added. “The offer is available to both personal and business customer segments.”
“We have partnered with a leading supplier of alternative energy solutions and based on customer demand, we will increase our generator inventory levels in the coming weeks,” said FNB Value-Adds CEO Sanjeev Orie in a statement.
Turner Morris is FNB’s partner for the first phase, though the bank said it is likely to broaden the supplier base for future phases.
“We are piloting a similar solution for larger FNB business customers (generator sizes in excess of 150kVA),” Orie said. “The pilot will focus on the energy needs of larger enterprises and our intention is to embark on a full roll-out over the next few weeks once we are comfortable with our piloting objectives.”
FNB is in the process of scoring its customers for new or increased credit facilities to facilitate the purchase of an alternative energy solution, he said. — © 2015 NewsCentral Media
