“We were very happy to see an enthusiastic response from participants in a structure that promises to be a sustained partnership between a public and private company. Based on an open tender process, we are happy to announce that Syska
has won the bid. I hope to see more private players participate with the Government to work together for the common goal of climate change mitigation,” said Mahua Acharya, MD & CEO, CESL.
CESL will procure seven million 12-watt LED lamps, and three million 7-watt lamps. Both Syska and CESL will share half the cost and the revenue arising from the sale of carbon credits.
Rajesh Uttamchandani, Director, Syska LED stated, “As a leading brand of India, Syska is pleased to find mechanisms that enable private sector players to join hands towards larger common objectives such as energy conservation, climate change mitigation and business models for enabling such basic services as good quality lights at price points that are affordable for rural India. We look forward to a long and fruitful partnership.”
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