"We have been indicated that the state wishes to switch to LED-based street lighting across the state over the next five years in association with us," Energy Efficiency Services Ltd (EESL) Managing Director, Saurabh Kumar told PTI.
All forms of street lights, mostly sodium vapour lights, will be replaced by intelligent LEDs offering huge savings in energy consumption.
Before moving to districts, the project will replace three lakh street lights of the metropolis and Nabadiganta, the IT-hub, which will become the world's largest in terms of coverage of street lights, Kumar said.
The Kolkata project will cost around Rs 300 crore, but the state will not have to shell out any capex to rollout the green initiative.
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EESL will provide the entire capex to replace street lamps and the payback for the nodal agency will come from the savings it will achieve from lower energy bill for the state government.
EESL was promoted by state-owned entities under the Ministry of Power and was entrusted to implement and popularise energy conservation projects.