Weekly Current Affairs

Notice

  1.   India, through its company Energy Efficiency Services Limited (EESL), has performed exceedingly well in terms of vastly improving access to LED lighting while reducing their cost drastically.  
  2.  The LED programme by EESL has been so successful that IEA is partnering with it to take the programme global.
  3.  In particular, it will try this model out in Indonesia.
  4. The price at which EESL has been purchasing LED lights to distribute under the government’s Unnat Jyoti by Affordable LEDs for All (Ujala) scheme has been consistently falling over the last couple of years.
  5.  The company purchased LEDs at Rs. 310 per piece in 2014, and the price fell to Rs. 55 as of March 2016.
  6.  Along with this, production has also been ramped up to about four crore per month from the 10 lakh a month that were produced two years ago.
  7.  LED lights consume 80 per cent less electricity than incandescent bulbs. 8. India has set the target of 175 GW of renewable energy capacity by 2022.
  8.   We could be reaching a stage where renewable energy, particularly solar, becomes cheap enough that distribution companies would start buying that energy (in preference to) energy from conventional sources.