January 2, 2015: Jaipur, the capital city of Indian state Rajasthan, has signed a memorandum of understanding (MoU) with ESCO Company to install 70,000 LED street lights around the city, replacing sodium and tube lights. With the installation of the LED lights, Rs. 600 million will be saved over 10 years.
In the first phase, about 15,000 existing sodium lights in Jaipur will be replaced by LED lights, by March 2015. ESCO will bear the expenditure of lights.
Jaipur Municipal Corporation (JMC) mayor Nirmal Nahata said these LED lights will not only save energy but will also resolve many problems faced by the residents of Jaipur. He said the project, based on a public-private partnership (PPP), has been signed for 10 years. Within a year, ESCO will replace 70,000 sodium and tube lights with LED lights, and these lights will be regulated by JMC. ESCO will also maintain the LED lights for 10 years and after that JMC will maintain them.
Nirmal Nahata said these LED lights will reduce electricity bills by 77.13%. Out of this saved electricity, 30.06% will go to JMC and rest 70% to the ESCO.
None of the facts and figures mentioned in the story have been created by BizLED.co.in. BizLED is not responsible for any factual errors.
70,000 LED lights on Jaipur road to save Rs 600 million in 10 years %%link%% appeared first on %%www.bizled.co.in%%