India could be the first nation to replace all incandescent light sources with Light-Emitting Diode (LED) lights by 2019 that are cheaper and will lower energy consumption. If this fructifies, the country will save Rs 40,000 crore per year, according to Power Minister Piyush Goyal.
State-run Energy Efficiency Services Ltd (EESL) on Wednesday signed an agreement with Indian oil companies such as Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd, and Hindustan Petroleum Corporation Ltd, to sell its LED bulbs, tube lights and fans at more than 54,500 petrol pumps, BloombergQuint reported.
Customers buying these power-efficient products will not have any EMI facility but the facility will be launched at petrol pumps in Delhi, at first.
Distribution of the power saving products will begin from the states of Uttar Pradesh and Maharashtra and retailing of such energy saving equipment would eventually reach all the petrol pumps across the nation.