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In a first of a kind project, Syska LED will distribute LED bulbs in rural areas at Rs 10 per piece and be partially paid back in carbon credits. Under the Gram Ujala scheme by Convergence Energy Services Ltd (CESL), bidders were invited for co-investment on a revenue sharing basis, where costs and profits would be shared with CESL. “In this tender, Syska is downside protected through a fixed price offered by CESL; upside from carbon credits is shared in equal proportion between the two parties,” said a statement by CESL. CESL is a 100 per cent subsidiary of EESL Limited, which focuses on energy solutions that lie at the confluence of renewable energy, electric mobility, and climate change. Gram Ujala scheme was launched by the ministry of power this year to give LED bulbs in rural areas at Rs 10 per piece, without any subsidy support and financed entirely through carbon credits.

Uttar pradeshRajesh uttamchandaniConvergence energy services ltdGram ujalaMahua acharyaAndhra pradeshLed bulbGram ujalaRural indiaPower consumptionConvergence energy servicesEnergy conservationClimate changeஉத்தர் பிரதேஷ்ராஜேஷ் உத்தம்சந்தணிகுவிதல் ஆற்றல் சேவைகள் லிமிடெட்