The procurement price of LED Bulbs is reduced from Rs 310 per unit in February 2014 to Rs 38 per unit in August 2016 due to the aggregation of demand and bulk procurement. This amounts to reduction of about 88% in procurement prices. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines.
Highlighting the achievement of Energy Efficiency programme, Shri Goyal informed that 17.89 crore bulbs have been distributed by Energy Efficiency Services Limited ( EESL) under Domestic Efficient Lighting Programme (DELP) and 14.45 lakh street lights have been replaced by LED bulbs under Street Light National Programme (SLNP) as on 21st November 2016.
The Minister further stated that Prime Minister Shri Narendra Modi launched the National LED programme on 5th January, 2015. The programme is being implemented by Energy Efficiency Services Limited (EESL), a joint venture company of Public Sector Undertakings (PSUs) under the Ministry of Power. Two initiatives, viz., Domestic Efficient Lighting Programme (DELP) and Street Light National Programme (SLNP), have been initiated under this programme, wherein household lighting and street lights respectively are replaced with LEDs. EESL has developed an innovative business model in which the entire investment in these programmes is made by it and the investment is paid back over a time from energy savings. This obviates a need for any Government funding for this programme.