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Indian govt will save Rs 455 billion under LED program by 2019

Indian govt will save Rs 455 billion under LED program by 2019

By BizLED Bureau

Feb 29, 2016: The Economic Survey 2015-16 pointed that, the Government of India is committed to change 770 million traditional incandescent bulbs and 35 million streetlights with latest LED lighting. After the transition phase, the electricity demand will be reduced by 21,500 MW, which will help the government to save around Rs 455 billion.

India is committed towards reducing its emission intensity per unit of GDP by 35 per cent by 2030 under the Intended Nationally Determined Contribution (INDC) and national LED program will facilitate the authoritative body to achieve it.

A top official at the Finance Ministry stated that the current estimates give strong indications as National LED programme will see a reduction of 21,500 MW in demand and 109 billion units of electricity savings. This will help the body to achieve a monetary gain of Rs 45500 billion of total benefit from domestic consumers and urban local bodies.

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Climate emissions and change is another critical factor and this will majorly help in controlling climate change by reducing 85 million tonnes of CO2 annually.

Under the Domestic Efficient Lighting Programme (DELP) scheme, government is planning to replace 770 million incandescent bulbs and 35 million conventional streetlights with energy-efficient LED lights.  The deadline given to this program is March 2019.

The Prime Minister of India is aggressively promoting Make in India campaign and to meet the demand, the programme is expected to involve and support domestic LED bulbs manufacturers.

In the present scenario, LED bulbs are only assembled in India while its chip is imported with few other parts.

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National LED programme was initiated on January 5, 2015 had installed some 47.7 million units under Domestic Efficient Lighting Program (DELP) and 0.55 million units under Street National Lighting Program by January 15, 2016 with a total energy saving of 1,547.2 MWs during peak demand.

Energy Efficiency Services Ltd (EESL) along with Discoms, is distributing LED bulbs to users at Rs 10 per unit to meet the target. The upfront investment made by EESL will be recovered from consumers with easy instalments of Rs 10 every month for a year.

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