Plan to replace 77 crore conventional bulbs and 3.5 crore streetlights with LED would save Rs 45,500 crore as it would reduce power demand by 21,500 MW, the Economic Survey has said.
The National LED programme introduced by the NDA government will also facilitate India's commitment towards reducing its emission intensity per unit of GDP by 33-35 per cent by 2030 under its Intended Nationally Determined Contribution (INDC).
"It is estimated that the National LED programme will result in annual electricity saving of about 109 billion units and a 21,500 MW reduction in demand along with monetary savings of Rs 45,500 crore accruing to domestic consumers and urban local bodies," the survey, tabled by Finance Minister Arun Jaitley in Parliament, said.
It will also reduce climate change impact by cutting 85 million tonnes of CO2 per annum.
By March 2019, the government is planning to replace 77 crore incandescent bulbs with LED under Domestic Efficient Lighting Programme (DELP) and 3.5 crore conventional streetlights with energy-efficient LED lights under the Street Lighting National Programme (SLNP).
Launched on January 5, 2015, has installed 4.77 crore units under DELP and 5.51 lakh units under SLNP as on January 15, 2016, avoiding 1,547.2 MW peak demand.
DH News Service
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