Power Ministry To Sell LED Bulbs at Rs.10 The LED Market is Currently Worth Around Rs 400

In open market LED (Light Emitting Diode) bulb is currently available for Rs.400 which is a very high cost product. After the Noble Prize was awarded to three Japanese Scientist for their exploration in LED, Central government announce that the LED bulb will be made available in market for just Rs.10 only. Union Energy Ministry decided to implement this program by taking a revolutionary step in the field of energy saving.

Considering the high cost of Rs.400 against Rs.10 is yet to become popular. Bureau of Energy Efficiency (BEE) along with Energy Efficiency Services Limited will jointly run this program. Energy Efficiency Services Limited is a joint venture project run by four public sector companies from energy sector.

BEE and Energy Efficiency Services Limited jointly in support with electricity distributing companies will purchase these LED bulbs from open market and will make the bulb available for the consumer at Rs.10 each.

Purchasing the LED bulb for Rs 400 each from open market and selling it to the electricity consumer for Rs.10 will incur heavy loss. These losses would be borne by the electricity distribution companies for next 5 to 8 years time. The saving that will happen after using the LED bulb will be adjusted against the losses.

Last week an agreement was signed between Andhra Pradesh State Government and Energy Efficiency Services Limited in which it has been mutually agreed upon to by 10 lakh LED bulbs.

All major LED manufacturing companies are eager to join this program of Union Ministry for which they are ready to cut down the LED price and sell it at just Rs.204 only.

Considering Union Ministries Energy Efficiency Program, Andhra Pradesh Chief Minister N. Chandra Babu Naidu last week initiated a program called “Demand Side Efficient Lighting Program” in which each house will be provided with two high efficiency LED bulbs. A target of 37 lakh houses where energy will be save is set.

The project has already been started in Guntur district of Andhra Pradesh, with Anantpur, Western Godavari and Shrikakulam districts to follow.