Government’s plan to change 77 crore conventional bulbs and 3.5 crore conventional streetlights with LED range would save Rs 45,500 crore by reducing 21,500 MW electricity demand, said the Economic Survey 2015-16.
National LED programme will also facilitate India’s commitment towards reducing its emission intensity per unit of GDP by 33-35 per cent by 2030 under its Intended Nationally Determined Contribution (INDC).
“It is estimated that the national LED programme will result in annual electricity saving of about 109 billion units and a 21,500 MW reduction in demand along with monetary savings of Rs 45,500 crore accruing to domestic consumers and urban local bodies,” said the survey tabled by Finance Minister Arun Jaitley in Parliament on Friday.
By March 2019, the government is planning to replace 77 crore incandescent bulbs with LED under Domestic Efficient Lighting Programme (DELP) and 3.5 crore conventional streetlights with energy-efficient LED lights under the Street Lighting National Programme (SLNP).
To meet the demand, the programme is expected to encourage and support domestic manufacturing of LED bulbs, making it consistent with the ‘Make in India’ policy of the government.
Presently, LED bulbs are only assembled here while its chip is imported along with some other parts.