New Delhi: The government is looking to provide LED bulbs at Rs 44, which is much lower than current retail price of around Rs 300, under its DELP scheme to discourage use of inefficient incandescent bulbs ,” Power Minister Piyush Goyal said at an interactive session of Assocham.
Under its Domestic Efficient Lighting Programme (DELP), the government procures LED bulbs through competitive bidding and provides those to consumers at much competitive rates. At present, these bulbs are sold for Rs 275-300 per unit in the market.
In the latest round of bidding, a price of Rs 74 per unit was discovered, which is way below the initial target of Rs 99, the minister added. Under the government scheme, consumers also have the option of paying for the LEDs in equated monthly instalments.
According to official estimates, use of LEDs in domestic and public lighting could result in 50-90 per cent reduction in energy consumption. If all the 77 crore incandescent bulbs sold in India for domestic lighting are converted to LEDs, 25 billion KWh (units) of energy can be saved every year.