At present these LED bulbs are being distributed at price between Rs 75-100 per unit by various power distribution utilities across the country depending on the state levies.
"The tender for supply of five crore 9W LED bulbs were oped today by Energy Efficiency Services Ltd. The lowest price bid was Rs 38 per unit which is expected to reduce the final retail price by Rs 15 per unit," a source said.
Last year in September, Power Minister Piyush Goyal had said, "The government is looking to bring down the price of LED bulb to Rs 44 per unit under bulk purchases through competitive bidding."
EESL has already distributed 15.24 crore LED bulbs, which will help saving help in saving of 54.24 million units of electricity per day and Rs 21.69 crore daily.
These 15.24 crore bulbs will help avoiding around 4,000 MW peak demand of electricity and reduce 43,941 tonnes of carbon dioxide per day.
The annual saving in electricity bills will be Rs 40,000 crore, considering an average tariff of Rs 4 per kWh.
Each LED bulb helps a consumer save anywhere between Rs 160 to Rs 400 every year and has a life expectancy of 25,000 hours, thus making the cost recovery lesser than a year.
The LED bulbs are also made available through other channels by Energy Efficiency Services Ltd (EESL).
Prime Minister Narendra Modi had launched the scheme last year in January.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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