EESL to export 25 mn LED lamps to Nepal, Bhutan, Sri Lanka
By BizLED Bureau
Feb 23, 2017: Bangladesh, Sri Lanka, Bhutan and Nepal have ordered about 25 million LED lamps from Energy Efficiency Services Ltd (EESL).
Saurabh Kumar, Managing Director, EESL, said that the company reduced prices of LED bulbs from Rs 310 in 2014 to Rs 38 in 2016, for a 9-watt LED lamp. EESL claims that the company offers LED lamps at prices that are the lowest globally. This has led neighbouring countries to take interest in India’s low cost LED bulbs. These neighbouring countries also want EESL to follow a similar LED lamp distribution program their countries.
Also Read: EESL makes net profit of Rs 355.9 million for 2015-16
EESL will distribute 10 million lamps each in Sri Lanka and Nepal and another 1 million in Bhutan. In Bangladesh, it will take up a project funded by the Indian government that involves outdoor and street lighting programs. EESL will start work on the exports in the next three to six months, beginning with Bangladesh.
In India, EESL distributes LED lamps to households at a nominal price under the UJALA scheme. Investments and risk coverage are borne by EESL, while state power distribution companies pay it from the actual energy savings achieved over the years. Till now, EESL has distributed about 210 million LED lamps in India.