The Indian government is set to provide incentives to the country’s emerging energy-efficiency industry, including LED lighting, under the National Mission for Enhanced Energy Efficiency (NMEEE), according to an article in the Hindustan Times.
Two funds have been set up under the mission to provide financial incentives necessary to kick start a new industry. "Both these instruments [will provide] public money towards energy efficiency," said Ajay Mathur, Director General of the Bureau of Energy Efficiency (BEE). "Many banks are not ready to pay loans for companies in the energy-efficiency sector because the risk has not been evaluated."
In addition to it, the Bureau has also asked the government to reduce excise duty on energy-efficient appliances. "We are looking at making LED cost-effective in the next two years through market intervention and a labeling regime," Mathur said.
The article says that a 40W LED light that used to cost Rs 1,200 (around $27) a year ago now sells at around Rs 500 (approx $11). The BEE believes that prices will go down further down in the next two years as demand rises. Already, municipal bodies in Kolkata, Bhopal and Gwalior are using LED streetlights, and others are expected to follow suit.
Also, the Bureau of Indian Standards (BIS) has come out with specifications for LED lights, and the government has created a testing facility at the Central Power Research Institute (CPRI) to examine LED lights.
Source: LEDs Magazine
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