Syska to distribute LED bulbs in rural areas for Rs 10 under Gram Ujala

Both Syska and CESL will share half the cost and the revenue arising from the sale of carbon credits

In a first of a kind project, Syska LED will distribute LED bulbs in rural areas at Rs 10 per piece and be partially paid back in carbon credits. Under the Gram Ujala scheme by Convergence Energy Services Ltd (CESL), bidders were invited for co-investment on a revenue sharing basis, where costs and profits would be shared with CESL.

“In this tender, Syska is downside protected through a fixed price offered by CESL; upside from carbon credits is shared in equal proportion between the two parties,” said a statement by CESL.

CESL is a 100 per cent subsidiary of EESL