EESL may bag Rs. 300-cr contract to install LED lights in Kolkata.

Energy Efficiency Services Ltd. (EESL) expects to bag a Rs.300-crore contract to replace street lamps in Kolkata with energy efficient LED lights.

LED consumes 50-52 per cent less electricity and has better luminosity. The project is expected to bring about major savings to the city civic authority's annual electricity bill of Rs. 125 crore.

EESL is a joint venture of State-owned generation major NTPC; finance outfits, Power Finance Corporation Ltd. (PFC) and Rural Electrification Corporation Ltd (REC); and transmission major PowerGrid.

According to Saurabh Kumar, Managing Director, EESL, the project envisages replacement of nearly 3,00,000 sodium vapour-enabled yellow coloured lights in Kolkata.

The company has already completed a pilot project to showcase the advantages to the Kolkata Municipal Corporation.

A contract may be awarded after the general elections.

HBL