In an effort to reach the goal of saving 1 billion kilowatt-hour of electrical power a year, China’s Ministry of Science and Technology has recently revised a bold plan to expand the LED streetlight installation project in 21 cities to two million units in 50 cities throughout the country, according to an article on Taiwan Economic News.

Under the plan, the 50 cities will receive subsidies from the Ministry of Science and Technology and the Ministry of Finance for the installation, and 70% of the products used in the project will be required to be locally made, which is good news for Taiwanese LED makers which are running facilities in the mainland including Bright LED Electronics Corp., Opto Tech Corp., Epistar Corp. and Formosa Epitaxy Inc, according to the article.

Formosa will establish an epitaxy-wafer factory in Yangzhou, China in the second quarter of 2010, the report said; and Epistar is also planning to set up a workshop in the mainland to tap the market.

The authorities estimate LED lighting to account for 30% of the mainland’s lighting market in 2013, saving an estimated 140 billion kilowatt of electricity per hour, according to the report.