There Is Need For Correction Of Retail Market Prices Of LED

25 November, New Delhi

Union Minister for Power, Coal and New & Renewable Energy Piyush Goyal Wednesday said the world is looking for the massive roll out of LED programme in India and there is a need for correction of the retail market prices.

While officially announcing the milestone of distributing over three crore LED Bulbs by Energy Efficiency Services Limited (EESL) under DELP programme here Wednesday,.Goyal said there is a need for correction of the retail market price of LED bulbs and suggested the industry to look for more innovative retail platforms in order to make it more affordable to the people.

In this regard, he urged the industry to join the Make in India programme for manufacturing the basic components of LED bulbs in the country.

Appreciating the efforts of EESL for achieving the milestone, Goyal said that the success of the programme will strengthen Indias stand at forthcoming COP21 at Paris and will present India as a responsible nation.

The Minister also released Monitoring and Verification Report of Street Lighting and DELP Projects on the occasion.The target of the DELP is to replace all the 77 crore incandescent bulbs sold in India by LEDs.

This will result in reduction of 20,000 MW load, energy savings of 100 billion KWh and Green House Gas (GHG) emissions savings of 80 million tons every year. The annual saving in electricity bills of consumers will be Rs 40,000 crore, considering average tariff of Rs 4 per kWh, the release said.