Indian Power Ministry to Sell LED Bulbs to Households for Less Than US $1

News Source: 

India’s Bureau of Energy Efficiency (BEE) and Energy Efficiency Services Limited (EESL) announced selling LED bulbs to households at very low prices, according to a report by The Economic Times.

Through a joint venture the two government agencies will be working closely with electricity distribution companies (discoms) “to develop a business model under which EESL procures LED bulbs in bulk and sells them to households at Rs. 10 (US $0.16),” stated the official press release.

"The discoms then repay EESL, over a period of five to eight years from the savings that accrue due to use of this energy efficient lighting technology," it added.

Under an MoU between EESL and the Andhra Pradesh government, EESL has procured 2 million LEDs last week. The lowest LED retail bulb price quote offered so far has been Rs. 0.20, the statement added.

Under a MoU between EESL and the Andhra Pradesh government, EESL last week completed the procurement of two million LEDs, the statement said.

The ministry aims to provide families living in poverty with LED lights, and the Energy Conservation Mission's Demand Side Efficient Lighting Program (DELP) launched by the Indian ministry will be covering 3.7 million households with affordable LED lights.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Violumas, provider of high-power UV LED solutions and inventor of 3-PAD LED technology, is proud to launch the release of new 275nm and 265nm LEDs in mid-power, high-power, and high-density packages. The radiant flux of the new 275nm and 265nm... READ MORE

DURHAM, NC – November 12, 2024 –– Cree LED, a Penguin Solutions brand (Nasdaq: PENG), today announced the launch of its new CV28D LEDs with FusionBeam™ Technology, a groundbreaking advancement for the LED signage market... READ MORE