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India will save $6 billion annually from 2018 due to LED lighting

India will save $6 billion annually from 2018 due to LED lighting

By BizLED Bureau

Jan 12, 2016: The central government has taken a unanimous decision to switch over to LED bulbs by end of 2018 under the energy efficiency mission that would result in savings of up to US$ 6 billion yearly, confirms Union minister Piyush Goyal on January 9.

The government has already distributed 4.59 crores LED bulbs under the Domestic Efficient Lighting Program (DELP) and is poised to make bigger contribution in power saving initiatives.

India will save $6 billion annually from 2018 due to LED lighting

A minimum saving of 100 billion units of electricity is on the cards when all the 71 crore conventional bulbs shall be replaced by LED bulbs,? stated Piyush Goyal at the Harvard College US India Initiative Conference held in Mumbai.

The Centre has set a target with a deadline to distribute over six crore LED bulbs through state-held Energy Efficiency Services (EESL).

The minister stated that government has been successful in bringing down the price of LED bulb to a quarter of what it was priced a year and a half ago. He further said the LED programme was being implemented on a mission mode and the state-run Energy Efficiency Services Ltd (EESL).

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The average cost to procure a single LED bulb has come down to about Rs 73 per piece as of June, down from Rs 310 in year 2014, a reduction of close to 76 per cent? he further added.

?States like Jharkhand and Chhattisgarh, which have large deposits of coal are energy starved,? said the minister.

The mission of the government is to provide electricity to each household in the country and it is a big challenge but we have to take it up as a collective responsibility,? he said.

The government is working tirelessly with utmost transparency. They have created a special application ?Garv Grameen Vidyutikaran? so that people can now check in real time how many villages are electrified.

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