New Delhi: Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), has achieved a remarkable milestone of distributing 50 lakhs LED bulbs under Project Crore of their Gram Ujala programme. Gram Ujala scheme is being implemented in rural households in Bihar, Uttar Pradesh, Andhra Pradesh, Karnataka, and Telangana. On National Energy Conservation Day 2021 this month, CESL achieved distributing 10 lakh bulbs in a single day.
CESL is providing high-quality 7-Watt and 12-Watt LED bulbs with three years guarantee at a cost of Rs 10 per bulb in exchange for working incandescent bulbs. Every household can exchange a maximum of five bulbs. The distribution has resulted in energy savings of 71,99,68,373.28 units per year with cost savings of 250 crores per year in the rural areas of the aforementioned states. The programme is active till March 31, 2022.
Speaking on this achievement, CESL's MD & CEO Mahua Acharya said that this programme is to ensure the holistic development of the rural ecosystem. Under the leadership of RK Singh, CESL is constantly working towards providing better illumination in the rural parts of five states. Working on the same financial model of carbon credits, we will be expanding this to rural parts of other states upon completion of project crore, she added.
CESL is supported by C-Quest Capital in the entire distribution journey under the SHINE programme.
Applauding the partnership, C- Quest Capital's Chief Executive Officer Ken Newcombe said that using carbon finance as the means to achieve energy efficiency in rural India is a powerful use of carbon markets. Doing this at scale is tremendous. Today's 50 lac milestone is an important marker in this admirable program of the government of India which we are proud to co-finance and facilitate.
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