CHENNAI: The compact fluorescent lamps (CFL) offer huge energy savings and if utilised appropriately could help conserve power in a big way, Chairman and Managing Director, Surya Roshni Limited (SRL), J P Agarwal, said on Wednesday.
Speaking to reporters here, Agarwal said energy saving devices had a crucial role to play given the high cost of power and the huge expense involved in installing new electricity production units.
“At least 25,000 MW of power can be saved in a year by using energy saving devices,” he said, adding the Union government’s energy efficiency rating system was indicative of the importance of saving power. Energy-efficient lamps could function with lesser power, even during low voltage and offer more life and light.
Future is with CFL lamps: Though the current market size is only Rs 500 crore for energy saving lamps, which is just 10 per cent of the whole lighting industry in India, the growth potential in the near future is immense.
“SRL does a business of Rs 20 crore in this segment and we are hoping to achieve a massive 400 per cent growth rate in a year,” the top SRL official said.
Their products had three and five star ratings for energy efficiency, he added.
Also, the company was constantly upgrading technology and gave thrust to eco-friendly products.
An energy saving campaign was currently underway and the company has launched new products that offered more life and light.
When asked on measures to realise the ambitious sales target on energy-efficient products, Agarwal said the Centre had imposed anti-dumping duty on China-made CFL lamps and this meant more opportunities and big business for Indian companies.
The State governments were conscious about saving energy and local bodies have started showing new interest in using energy-efficient lighting. “All this mean a huge business potential and we are already working with them,” he said.