India Estimates $7 Billion Per Annum Savings On LEDs
Power department officials in India have calculated that the country can save more than $7 billion a year if they replaced incandescent bulbs with efficient LEDs.
NEW DELHI: India can save up to $7 billion (about Rs 43,750 crore) annually by replacing incandescent lamps with energy efficient LED bulbs, power minister PiyushGoyal said on Friday. "We have set challenging targets to save energy as energy conservation has an equally important role to play with generation. We are looking at savings of nearly 100 billion units of power, by the use of LED lights, translating into $7 billion annually," he said at 'UrjaSangam' here on Friday. Goyal, who also holds the charge of Coal and New and Renewable Energy departments, said that use of LED bulbs will reduce peak power demand of the country by 10,000 MW per day. More on the story at Times Of India.