By BizLED Bureau
Oct 12, 2016: The LED program by India’s Energy Efficiency Services Limited (EESL) has been so successful that International Energy Agency (IEA) wants to partner with it to take the program to Indonesia.
While speaking at the World Sustainable Development Summit, Paul Simons, Deputy Executive Director, IEA, said, “We would like to try this model out in Indonesia. We believe this is a best practice that must be shared.”
IEA praised India for its excellent performance in terms of vastly improving access to LED lighting while reducing their cost drastically, said.
EESL has been purchased LED lights at Rs 55 in March 2016, which it distributes under the government’s Unnat Jyoti by Affordable LEDs for All (UJALA) scheme. This price has been consistently falling over the last few years. Production has also been ramped up to about 40 million per month from the 10 lakh a month two years back.
“The LED program by EESL has been so successful that IEA is partnering with it to take the program global,” said Paul Simons, Deputy Executive Director at the IEA while speaking at the World Sustainable Development Summit. “In particular, we would like to try this model out in Indonesia. We believe this is a best practice that must be shared.”
The EESL in India has been purchasing LED bulbs in bulk to lower prices, and distribute the bulbs under the government’s Unnat Jyoti by Affordable LEDs for All (Ujala) scheme which has led to a steady price decline over the past few years. The company purchased LEDs at INR 310 (US $4.65) per bulb in 2014, before the price plunged to INR 55 in March 2016.