Govt to save $6 bn per annum by using LED bulbs by 2018

The Indian Government has said that its decision to switch over to LED bulbs by 2018 under the energy efficiency mission will result in saving of up to USD 6 billion per annum.

As per reports, under the Domestic Efficient Lighting Programme (DELP), nearly 4.59 crore LED bulbs have been distributed so far.

Commenting on the issue, Union Minister Piyush Goyal told the media, "When all the 71 crore conventional bulbs are replaced by LED bulbs it will result in a saving of 100 billion units of electricity."

"We have been able to procure LED bulbs for about Rs 73 per piece as of June, down from Rs 310 in February 2014, a reduction of 76 per cent" he added.

The minister further said that the LED programme was being implemented on a mission mode and the state-run Energy Efficiency Services Ltd (EESL), had been successful in bringing down the price of LED bulb to a quarter of what it was priced a year and a half ago.