New Delhi: The cost of energy efficient bulbs has dropped by more than 100 percent following government intervention Prime Minister Narendra Modi said in his third Independence Day address today. The government is planning to effect savings of nearly Rs 1.25 lakh crore through the installation of such devices.
"LED bulbs used to cost Rs 350 a piece in India. Who could afford buying LED bulbs? Such devices help reduce electricity costs and also cut down carbon dioxide emissions contributing to both the environment and the economy. Now LED bulbs cost only Rs 50."
Nearly 13 crore out of a targeted 70 crore LED bulbs have been distributed so far under the centre's Domestic Efficient Lighting Program. Under the scheme, LED bulbs are procured through a process of competitive bidding and then resold at low prices.
"My government would have been hailed if we gave a subsidy of Rs 300 to bring down the price of an LED bulb to Rs 50. Instead we will save thousands of crores in energy cost now," Prime Minister Modi said.
According to a government report the use of LEDs for public lighting and in homes could potentially save 20,000 megawatts of electricity. It costs Rs 1.25 lakh crores to generate the same amount of energy.
The Prime Minister appealed to all citizens to proactively adopt LED technology, and help in making the scheme a success.
"LED bulbs used to cost Rs 350 a piece in India. Who could afford buying LED bulbs? Such devices help reduce electricity costs and also cut down carbon dioxide emissions contributing to both the environment and the economy. Now LED bulbs cost only Rs 50."
Nearly 13 crore out of a targeted 70 crore LED bulbs have been distributed so far under the centre's Domestic Efficient Lighting Program. Under the scheme, LED bulbs are procured through a process of competitive bidding and then resold at low prices.
According to a government report the use of LEDs for public lighting and in homes could potentially save 20,000 megawatts of electricity. It costs Rs 1.25 lakh crores to generate the same amount of energy.
Advertisement
COMMENTS
Advertisement
"Natural Disasters Increasing Concerns": PM Modi On Independence Day In Pics: 10 Years Of PM Modi's Symbolic Headgears On Independence Day World Lion Day 2024: PM Modi Shares Stunning Pictures, Lauds Conservationists "Mamata Banerjee Misleading Public, Should Resign": Nirbhaya's Mother Air India Cabin Crew Member Assaulted In Her London Hotel Room Send Reports Every 2 Hours: Centre To States On Kolkata Horror Protests Donald Trump Calls Out Kamala Harris For Climate Misinformation MAT 2024 August Session Registration Ends Today, Check Details Air India Cabin Crew Member Assaulted In Her London Hotel Room Track Latest News Live on NDTV.com and get news updates from India and around the world.