Syska to distribute LED bulbs in rural areas for Rs 10 under Gram Ujala

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.