By BizLED Bureau
September 22, 2015: The Indian power ministry has decided to distribute about 200 million LED bulbs and replace about 10 million streetlights with LED lights in the next 1-2 years. About 13.46 million bulbs have already been distributed and the government has set a target of 700 million bulbs to be distributed in the next 2-3 years.
This initiative will lead to huge savings both in terms of energy consumption and money to consumers who will get these LED lights at a subsidized rate compared to market rates.
The government is distributing LED bulbs to consumers under a scheme where the consumers can pay for the bulbs in EMIs that will be added to their electricity bills. This scheme will help LED technology to penetrate even rural areas. Energy Efficiency Services Limited (EESL), a public sector entity under the administration of power ministry, is implementing this program across the country.
About 770 million incandescent bulbs sold in India for domestic lighting have been converted into LEDs, which saves 25 billion KWh of energy every year.