POWER

Syska wins tender for supply of 10 million LED bulbs to rural areas at ₹10/piece

Syska LED has won a marquee tender to supply 10 million light emitting diode (LED) bulbs in rural areas, under the recently launched Gram Ujala scheme to state-run Energy Efficiency Services Ltd’s subsidiary Convergence Energy Services Ltd (CESL).

Gram Ujala is an ambitious scheme offering the world’s cheapest LED bulbs in rural areas at a mere ₹10, with no government support or subsidy. Under the scheme, the revenue earned from carbon credits will contribute ₹60 per LED bulb piece, with the balance ₹10 to be paid by the rural consumer.

“As part of this agreement, CESL will be procuring 70 lakh 12-watt LED lamps, and 30 lakh 7-watt lamps. Both Syska and CESL will share 50 per cent of the cost and therefore 50 percent of the revenue, arising from the sale of carbon credits and the opportunity to participate in nation building. LEDs will be distributed to homes in rural India at a minimal price of Rs. 10 each,” CESL said in a statement.

Under the United Nations’ Clean Development Mechanism (CDM), the scheme will claim carbon credits. Also, under the new scheme, the rural consumer’s incandescent and CFL (compact fluorescent lamp) bulbs will be taken back.

Source
Livemint
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