India To Save Rs 40K Crore Per Year By Completely Shifting To LED Bulbs: Piyush Goyal

India To Save Rs 40K Crore Per Year By Completely Shifting To LED Bulbs: Piyush Goyal

Team EnergyInfraPost

India is most likely to be the first country to completely shift to LED bulbs by 2019, which would help it save as much as Rs 40,000 crore a year, Union power minister Piyush Goyal said on Wednesday.

He was speaking at a function held to mark the signing of pacts by EESL with IOC, BPCL and HPCL, the three state-owned oil marketing companies.

The OMCs have between nearly 55,000 petrol pumps which would sell LED bulbs following the signing of pacts.

“This effort will help us … India will probably be the first country in the world which will be 100 per cent using LED for its lighting needs by 2019. It will be message that India acts rather than making big promises,” Goyal said.

In the first phase, distribution of energy efficient equipment will commence from the states of Uttar Pradesh and Maharashtra. The retailing of these products would eventually be done at all petrol pumps across the country.

On this occasion, Oil Minister Dharmendra Pradhan said that petrol pumps would soon have common service centres (CSC) of the IT ministry.

EESL is currently on a massive drive to promote use of energy efficient LED bulbs, solar pumps and energy efficient street lamps and air-conditioners.

The company recently held bidding for procurement of 1 lakh air-conditioners in which Japan’s Panasonic emerged as the lowest bidder.

These air-conditioners will be slightly costlier but also more energy-efficient.

The order for supply of 1 lakh air-conditioners is to be shared by three suppliers. But Daikin and Godrej, which emerged as the second and third lowest bidders respectively, will have to match Panasonic’s price of Rs 35,000 a piece if they want a piece of the order pie.

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EESL has drawn up a Rs 6,000 crore-expenditure plan and mobilised funds from different sources including multilateral agencies like Germany’s KFW and the Asian Development Bank.

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