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Case Studies

sectors > Cooperatives
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Solar power generation project by a progressive PACS


Members of Chengalam PACS and various district-level stakeholders, Kottayam district, Kerala

The Challenge:

  • Power shortage was affecting the functioning of PACS as a dynamic financial intermediary
  • Monthly electricity bills a strain on PACS

The Solution:

  • PACS decided to set up its own solar power unit
  • NABARD financed the Rs 29.80 lakh, 18 KWP composite capacity project with multi crystalline SPV module

The Impact:

  • Chengalam PACS is the first cooperative banking institution that meets 100 percent of its power requirement from solar power production
  • PACS now pays only Rs 2,500 per month to Kerala State Electricity Board (KSEB) as minimum charge as against ` 60,000 per month earlier
  • PACS supplies power to the KSEB and earns approximately Rs 30,000 to Rs 40,000 per month
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